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September 07, 2008


OMZ to invest RUB 4.5 Billion in 2008

FIS reported that the directors’ board of Uralmash Izhora Group approved the investment program of OMZ Group for 2008.

Under the program large investments will be made in complex modernization and renewal of the OMZ capacities to ensure a stable production base, R&D, development and attraction of personnel. Special focus will be made on the enterprises participating in the federal program of power industry development.