Ural Automobile Plant begins constructing automotive components foundry, commissioning planned for 2027
CHELYABINSK. Aug 14 (Interfax) - JSC Ural Automobile Plant (Miass, Chelyabinsk region) has started constructing a new foundry complex worth 9.5 billion rubles.
A ceremonial laying of the first stone took place on Thursday, the press service of the Industrial Development Fund (IDF) said. The IDF provided the plant with a 5 billion ruble preferential loan for implementing the project.
It is planned that the new shop, with an area of 46,000 square meters, will produce up to 45,000 tonnes of cast iron castings per year. They will be used as blanks for drive axles and other automotive components for trucks and special equipment.
"Creating additional foundry production capacities is aimed at solving several tasks. First, it is about mastering the production of casting blanks for localized parts of Ural vehicles' new axles. Second, we plan to fully cover our own needs in cast iron casting. And, of course, we will work for third-party customers," Ural Automobile Plant CEO Pavel Yakovlev was quoted as saying.
Currently, old foundry buildings at the industrial site have been dismantled, design work has been completed and contracts with contractors have been signed. The launch of production is planned for 2027.
The fund's loan proceeds will be used to purchase automatic molding lines, induction melting complexes, cleaning units and machines for abrasive processing of metal products, the IDF said.
As reported, the project to create a full-cycle foundry production for Ural trucks, in addition to the federal IDF, also involves VEB.RF, which previously issued a loan of 2.6 billion rubles.
The project aims to support the production of Ural vehicles. In particular, the main products of the new production facility will be medium and small cast iron casting for key systems of Ural vehicles, as well as parts for other engineering enterprises to replace imported components.
Ural Automobile Plant is a major manufacturer of trucks in Russia.
