Motor Sich to upgrade Mi-8 helicopters at Orsha Plant for Belarus, Mongolia
The Zaporizhia-based open joint-stock company Motor Sich will conduct in 2012 the modernization of Mi-8 helicopters at the Orsha Aircraft Overhaul Plant (Vitebsk region, Belarus), a controlling stake in which it has recently bought, one of the company's top managers told Interfax-Ukraine.
"The portfolio of orders of the Orsha Aircraft Overhaul Plant for 2012 includes contracts for the modernization of 19 helicopters. The customers are Belarus and Mongolia," the agency's interlocutor said.
Seven helicopters will be upgraded for Mongolia, twelve for Belarus, he said.
In January 2012 Belarusian President Alexander Lukashenko approved the sale of a 99.2% stake in Orsha Aircraft Overhaul Plant to Belarusian closed joint-stock company Investment and Innovation Systems (Vitebsk region, Belarus) and Motor Sich.
According to the president resolution, Investment and Innovation Systems will hold 1.488 million shares in the plant and Motor Sich – 2.232 million shares.
Earlier Motor Sich said that it planned to buy a 57% stake in Orsha aircraft overhaul plant to place orders for the upgrade of Mi-8 helicopters at the plant. The value of the stake was assessed at $1.1 million.
Motor Sich expects to receive orders for the modernization of over a hundred helicopters.
The new owners are in 2012-2016 to invest at least $12 million in the reconstruction of the production facilities of the plant.
Motor Sich is one of the world's largest manufacturers of aircraft engines and industrial gas turbine plants. It supplies its products to 106 countries.
According to tentative data, Motor Sich saw UAH 1.34 billion in net profit in 2011, which was 9% up on 2010.
"The portfolio of orders of the Orsha Aircraft Overhaul Plant for 2012 includes contracts for the modernization of 19 helicopters. The customers are Belarus and Mongolia," the agency's interlocutor said.
Seven helicopters will be upgraded for Mongolia, twelve for Belarus, he said.
In January 2012 Belarusian President Alexander Lukashenko approved the sale of a 99.2% stake in Orsha Aircraft Overhaul Plant to Belarusian closed joint-stock company Investment and Innovation Systems (Vitebsk region, Belarus) and Motor Sich.
According to the president resolution, Investment and Innovation Systems will hold 1.488 million shares in the plant and Motor Sich – 2.232 million shares.
Earlier Motor Sich said that it planned to buy a 57% stake in Orsha aircraft overhaul plant to place orders for the upgrade of Mi-8 helicopters at the plant. The value of the stake was assessed at $1.1 million.
Motor Sich expects to receive orders for the modernization of over a hundred helicopters.
The new owners are in 2012-2016 to invest at least $12 million in the reconstruction of the production facilities of the plant.
Motor Sich is one of the world's largest manufacturers of aircraft engines and industrial gas turbine plants. It supplies its products to 106 countries.
According to tentative data, Motor Sich saw UAH 1.34 billion in net profit in 2011, which was 9% up on 2010.
Comments
Post a Comment