Shvabe to invest RUB 50 billion in retooling and modernization - RUSSIAN AVIATION

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Shvabe to invest RUB 50 billion in retooling and modernization

Russian Aviaton » Friday September 1, 2017 13:56 MSK

Shvabe Holding (operating as part of Rostec State Corporation) will invest approximately RUB 50 billion in the retooling and modernization of its companies until 2020, Rostec informed.

Under the technical modernization program, the holding will purchase hi-tech equipment, reconstruct the existing production facilities according to international standards, create new specialized production sites.

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