Market Analysis

January 27 hosted a meeting of the Board of Directors of OAO "GAZ", whose members reviewed the status of a project to organize the production of a new family of engines YMZ-530 factory "Avtodizel." Board of Directors held on the eve of an extraordinary general meeting of shareholders "Avtodizel" February 16, whose agenda includes a second vote on the financing of the project VEB YMZ-530.

Board of Directors of GAZ summed up the project YMZ-530 in 2009 and defined the main directions of development in 2010. Due to the investments of more than 3 billion rubles project YMZ-530 entered the final phase associated with the preparation and running of production. Virtually the entire output of the first stage - up to 50 thousand power units per year - confirmed by the automotive industry applications business. In the list of consumers family of engines YMZ-530 provides more than 20 major manufacturers of automotive, agricultural and special equipment Russia, Belarus and Ukraine.

Board of Directors of GAZ also approved the main directions of development of the project in 2010, which will be implemented subject to approval by shareholders of OAO "Avtodizel" loan from VEB.

"Creating a new engine production of GAZ Group - a strategic project for the whole Russia"s machinery and, of course, for the Yaroslavl region. In addition to organizing the production of new, modern engines, which needs Russia"s economy, the project will create in the region over 1 , 5 thousand new jobs. I hope that all obstaclesb8ein this project will be overcome, and Yaroslavl Center of the domestic diesel-engine will open a new stage of modernization of its development ", - said participating in the meeting, Governor of the Yaroslavl region Sergey Vakhrukov.
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