Zvezda OJSC (Petersburg) plans to subcontract 70% of its works valued at RUR 640 mln per year, the company informs according to RBC. It will enable the company to focus its efforts on the development of the company’s key activities and to decrease cost-price and raise the quality of its goods due to cooperation with specialized companies thus improving the competitiveness.
Zvezda OJSC is Russia’s leading manufacturer of light high-speed diesel engines for shipbuilding industry, railway transport and general industrial application, as well as diesel-generators and automated electric power plants for bulk, standby and emergency power supply. The company’s authorized capital totals RUR 56.202 million divided into 562.200.480 ordinary shares with nominal value of RUR 0.1 each.