Wednesday, August 23, 2017

Uralvagonzavod reports $2.5 billion in sales in 2012

Uralvagonzavod Research and Production Corporation recently reported sales of more than $2.5 billion in 2012.

As of November, Uralvagonzavod manufactured 25,678 units of railroad equipment in 2012. This figure marks an 8.5 percent increase over 2011 for Uralvagonzavod, which is headquartered in Nizhny Tagil, RusBizNews reports.

A total of52.7 percent of Uralvagonzavod's 2012 sales were from gondola cars. Tank cars constituted 14.5 percent of the company's sales. The company's investment program has reportedly grown by 40 percent this year.

Uralvagonzavod posts a 2012 net profit of approximately $317 million, according to RusBizNews.