It is reported that OJSC Motovilikhinskiye Zavody has given up on the acquisition of Yugo-Kamsky Machine Building Plant LLC.

Therefore it seems that the asset will go to Alexander Pozdeev, president of Western Ural Machine Building Group, who has already promised to invest RUB 500 million in the restoration of the enterprise.

It will be recalled that Motovilikhinskiye Zavody planned to participate in the auction to sell the movable and real property of Yugo-Kamsky Machine Building Plant's foundry capacities (equipment valued at up to RUB 80 million and a production shop building (up to RUB 50 million).

Source - AK&M


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