ROTEC CJSC (part of Renova SC) plans to invest over $70 million in creating a cross-sectoral competence center specialised in thin films, functional coatings, and surface modification, as the company press release says. The project is supported by the Ministry of Industry and Trade and is funded by a Vnesheconombank credit.
The center is assumed to satisfy the needs of the Ural region by creating a branch in the territory of Ural Turbine Works (also a part of the Renova SC) employing about 30 persons, and investments in the establishment of the branch will exceed $20 million.
ROTEC signed an agreement with Urals Civil Aviation Works OJSC (UZGA, a part of Rostekh) for the coating application and organization of a specialized production facility in Ekaterinburg at the Innoprom-2014 international exhibition on Wednesday.
UZGA is expected to become one of the largest coating center customers. The parties also plan to jointly develop a new generation of coatings for a variety of applications.
UZGA repairs over 1,000 of aircraft engines and gearboxes a year. The total company requirement for application of various coatings is about $15 million per year.
ROTEC CJSC is a multi-profile industry holding. It services gas and steam turbines and manufacture and supply of power equipment.
UZGA is one of the largest aircraft repair enterprises in Russia. Its main activities are repairing aircraft gas turbine engines and their components, main gear boxes, and gas aviation drive motors.