Transmashholding pledged to invest USD 5 mln into Luhanskteplovoz
19 April 2011
Bryansk Heavy Machinery, part of Russia’s Transmashholding, pledged to invest USD 5 mln in Luhanskteplovoz (UX: LTPL UK) by 2016 as part of its privatization commitments, the State Property Fund reported on Friday. Bryansk plans to target its investments in three stages (1) USD 2 mln to modernize existing products in 2011-2014, (2) USD 1.5 mln to modernize equipment in 2011-2012, and (3) USD 2 mln to expand capacity in 2014-2015.
