Russia manufacturing

Russia’s Sukhoi Civil Aviation has reached a preliminary agreement to supply up to 100 Superjet-100’s to China in what would be by far the biggest sale yet of its flagship regional passenger jet. Apart from swelling Sukhoi’s order books, a Chinese deal could help Russia circumvent possible western sanctions.

Sukhoi Civil Aviation signed a memorandum of understanding (MOU) to sell up to one hundred Superjet-100s to O’Bay Aircraft, a privately held airline based in Henan province in north China. As part of the deal, the two sides are considering a joint assembly venture to make SSJ-100’s in Zhengzhou, the capital of Henan province. Continue reading »

An Italian automatic loom produces tapestries with portraits of Russia's Prime Minister Vladimir Putin at the Uzor (Pattern) weaving mill in the town of Vyritsa near the Russia's second city of Saint Petersburg, on February 2, 2012.Russia’s manufacturers are ending the year on a rather downbeat note, according to the latest Purchasing Managers’ Index from HSBC/Markit.

After a year and a bit of plus-50 readings, the number for December was 50.0 – slap bang on the line that separates contraction from expansion. Continue reading »