"IVCHENKO-PROGRESS" INCREASED ITS PRODUCTION BY 1.5 TIMES AND RAISED WAGES BY 68%

UKROBORONPROM State enterprise "Zaporozhye Machine-Building Design Bureau Progress State Enterprise named after Academician A.G.Ivchenko (SE" Ivchenko-Progress ") considerably increased its economic and production index in 2016. Production increased by 48% allowed raising average monthly salary by 68% and increasing payments to budgets of all levels by 35%.

Compared to 9 months of 2015, financial and economic indicators of the enterprise for 9 months of 2016 increased as follows:

– Production volume – by 48%; – Operating income –  by 39%; – Payments to budgets of all levels – by 35%; – Average wages –by 68%; – total wagebill – by 66%.

During 9 months of 2016 the payment of wages, payments to the budget and the pension fund were made on time and comprehensively. Despite enormous scientific and technical potential of its employees, the enterprise has not received the state defence order from either Ministry of Defense of Ukraine, the State Border Service, Ministry of Internal Affairs or from Department of Energy of Ukraine both in 2015 and 2016.

For further dynamic development, the enterprise is to be provided with state orders for the latest developments, as SE "Ivchenko-Progress" has both intellectual and human potential, advanced technologies and newest equipment to implement those. The measures to improve technical level, modernization and reconstruction of existing production capacities are being implemented at the enterprise, as well as works on creating optimal conditions for effective work, life and recreation of its employees, improving standards of labor and safety at the enterprise.

The State enterprise " enterprise "Zaporozhye Machine-Building Design Bureau Progress State Enterprise named after Academician A.G.Ivchenko (SE" Ivchenko-Progress ") is a research and production organization with no cycle of serial production. SE "Ivchenko-Progress" operates in the field of development of new aircraft models, as well as modernization of existing certification, introduction to mass production of aircraft engines, gas turbine drives for mobile stations and gas compressor stations. The enterprise carries out author’s supervision of mass production and maintenance of aircraft engines.

For the first 9 months net operating income of UKROBORONPROM SE “Izyum Instrument Making Plant” reached more than 109 million UAH. Compared to the same period of the previous year, index increased by 30%.