Fiolent Plant to Spend One Million Dollars for Modernization of Production

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Fiolent plant plans to invest about 1 million dollars in modernization of production, the director of the entity Alexander Batalin told journalists today.

According to him, last year about 500 thousand dollars were spent for these purposes. “The plant spends own funds for upgrade. We don’t draw upon a credit and we owed no one”, – the director of the entity specified.

A. Batalin added that this year Fiolent plant expects gain in production from 20 to 25%, last year it was 15%.

“We are working within defense order. The entity produces fitting blocks, complexes which are to be included in final output. Besides, we produce and realize electric tools, and their sales exposure in Russia grew”, – he noted.

By the end of 2015 the average salary of staff of the entity, according to A. Batalin, will grow by 28 thousand rubles.

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