The expansion will see the installation of new presses and a Cremer sintering furnace, which will enable the company to cope with the growing demand for its products. Uralelectromed has been producing PM products since 2012, and the company has already established a reputation for quality and reliability.
The new expansion will see the company invest heavily in new technology and equipment, and will involve the hiring of new staff to work in the production facility. The company has already started work on the expansion and aims to have the new equipment installed and operational by the end of this year.
The expansion is expected to help the company grow its market share in Russia, and also increase its exports to other countries. Uralelectromed already exports its products to a number of countries, including Japan, Denmark, the Netherlands and the USA. The company believes that the new expansion will enable it to tap into new markets and increase its overall sales revenue significantly.
The PM market in Russia is growing rapidly, and is expected to continue to do so in the coming years. This is due in part to the increasing demand for PM products in a number of key industries, including automotive, aerospace, and healthcare. As a result, a number of companies are investing heavily in PM production facilities in Russia, with the aim of capturing a share of this growing market.
Uralelectromed is well positioned to take advantage of this growth, and its new expansion will give it a significant advantage over its competitors. The company is already a highly respected brand in the Russian market, and its products are known for their quality and reliability.
The company's decision to expand its production capacity is a smart move, and one that is likely to pay off in the long term. With the demand for PM products in Russia and other countries showing no signs of slowing down, Uralelectromed is well placed to become a major player in this growing industry.
Overall, Uralelectromed's plans to double its production capacity are an indication of the company's commitment to innovation and growth. With the expansion set to be completed by the end of the year, the company is well positioned to take advantage of the growing demand for PM products in Russia and beyond.