The Voronezh Mechanical Plant (VMP) will enter the Russian space engine-building holding company, representatives of the plant’s press service told the RIA “Voronezh” correspondent. The VMP will withdraw from the Khrunichev State Research and Production Space Center.

The holding company will be created in the middle of 2019, Director General of JSC “NPO Energomash” Igor Arbuzov reported at the Airshow China 2018 on Tuesday, November 6. NPO Energomash will become the integrating company of the association. According to Igor Arbuzov, the creation of the structure will reduce the expenditures in developing new rocket engines and contribute to the exchange in technologies developed by enterprises and institutions.

The MVP became a branch of the Khrunichev Center in 2007. In 2009, 100% of the capital stock of KB Khimavtomatika (Chemical Automatics Design Bureau) was also handed over to the center.