During the 2024 St Petersburg International Economic Forum, VEB.RF and KONAR signed an indicative term sheet to finance a project for mass production of mechanically-operated rudder propellers for civil vessels.
The project is implemented under the shipbuilding development strategy and is designed to ensure technological sovereignty in the area of shipboard equipment. Production is scheduled to start in Q2 2026. The project is implemented in the Stankomash industrial park, Chelyabinsk.
According to preliminary estimates, the project’s output is needed for civil vessels, such as large oil tankers and supply vessels, both in operation and under construction.
Deputy Chairman of VEB.RF Daniil Algulyan: “Russia is planning to create a unique production facility having no domestic analogues. The project is designed to ensure import substitution and create new production capacities in the sector that is of strategic significance for the country. The project has high local content potential (up to 90%).
“The committed funds amount to about RUB3.6bn. The project is planned to be delivered using a new popular mechanism (a cluster investment platform) aimed at developing high-technology industries.”
KONAR industrial group has thorough knowledge and expertise in machine building. The group’s production facilities make products for nationally significant projects in industrial sectors, such as oil and gas, shipbuilding, power engineering, as well as industrial and civil construction. KONAR specialises in full-cycle manufacturing of parts and equipment, from in-house producing of steel billets to testing of the end product.
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