Ural To Produce Axles for Heavy Trucks
RUSSIA REPORT
The Fund of Industrial Development has approved a loan of US$ 27 million (2 Bln rubles) under the “Priority Projects” program, which will allow Ural to build axles at a new production facility. The new site will allow OEM to double production of heavy load trucks and to create about 4,000 jobs.
Currently, these axles are being purchased in China. Ural is going to make this product for its own use, and for sale to other truck makers. Production under the program is expected to begin in 2023.