The Ural turbine works ROTEC
The Ural Turbine Works

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The results of the TechUp rating among Russian high-tech companies have been summed up. Ural Turbine Works (ROTEC Holding) ranked among the top companies as a rapidly growing major company and a high export capacity enterprise.


Since 2012 TechUp rating has been conducted annually, and this time its main organizers were the Ministry of Economic Development of Russia, Russian Venture Company and the Association of Innovative Regions of Russia. Russian companies were evaluated following a methodology developed by PricewaterhouseCoopers (PwC), a renowned international audit company.

TechUp considers a company successful if it has a significant revenue and growth dynamics, produces high-tech products, and is competitive not only in the Russian market. Most companies (72 percent) in the rating sell their products overseas.

In 2012-2014 Ural Turbine Works had managed to increase its revenue by 49%, and the share of the new and significantly improved products in the total revenue amounted to over 94%. Practically every turbine manufactured by UTW is a new high-tech product. During this period, the company implemented 36 projects in Russia, Kazakhstan, Belarus, Mongolia, and Serbia.

The TechUp award ceremony took place within the framework of the Open Innovations Forum which is being held now in Moscow.


It is worth noting that it is not the first time Ural Turbine Works is honoured with a major award. In June 2015, the company became one of the winners of The Development Award — a respectable national award — for its successful project in Mongolia.

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The Ural Turbine Works (ROTEС Holding) has completed its training programme for Mongolian power engineers. During four days of the programme, the specialists of Ulaanbaatar and Erdenet power stations and representatives of the Ministry of Energy of Mongol
Ural Turbine Works (ROTEC holding) is waiting for the arrival of a group of Mongolian power engineers.
September 25, 2015, the Ural Turbine Works (part of ROTEC Holding) received a delegation from Mongolia headed by Enkhbold Zandaahuu, Speaker of the State Great Hural and Chairman of the Democratic Party of Mongolia.
© 2011 CJSC "The Ural Turbine Works"

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