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"Antonov" state enterprise invests $ 300 million into modernization

"Antonov" state enterprise intends to invest more than $ 300 million into modernization of production up to 2016 year. It has been announced by Dmitry Kiva the chairman of the board of the "Antonov" SJSC and Chief Designer Enterprise of the "Antonov" in Kiev.

However according to the "Antonov" state enterprise, the funding need of the program is estimated at $ 500 million, says Mr. Kiva.

The modernization program is planned to be carried out both by own funds and by investing of overseas partners. According to the "Antonov" State Enterprise it has been spent about $ 300 million for re-equipment in 2010-2011.

10 November 2011
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