OREANDA-NEWS. June 26, 2008. The Board of Russian Railways has approved the creation of an affiliated company based on the assets of the Ishimsk Mechanical Plant, a subsidiary of the Company. The documents were submitted to the Board of Directors of Russian Railways.


The authorised capital of Ishimsky Mechanical Plant will be 216,196,090 roubles and be formed from the assets of the plant, working capital funds for a re-registration procedures and licenses.

Russian Railways will own 100% minus one share of the company.

The plant’s 210.1 million rouble investment programme for the period between 2009 and 2015 provides for the technical re-equipping of the factory, the acquisition and modernisation of equipment and switching to more economical technology.