By 2020 it is expected to modernize all the metal-producing capacities at the Kirovsky Works and create an up-to-date highly technological enterprise to manufacture small batches of special steels and alloys for the defense, car, oil, power and engine machine-building, and space industries.

The newly created subsidiary – the Laboratory of special steels and alloys – will produce some 30 thousand tons of bars of precision alloys per year.

The income is expected to reach some 6 billion rubles per year.

The enterprise will create 170 jobs.

Investments will total 1.39 billion rubles, with 920 million spent to buy machinery and equipment. (Ukrainian metal)

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