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November 2018 www.intellinews.com I Page 4
when it comes to development of new technolo- gies and solutions.
The first smart factories are expected to be launched at the Central Scientific Research Automobile and Automotive Engines Institute (known locally by the Russian abbreviation NAMI), Ulyanovsk Automotive Plant, Volgabus bas manu- facturer, the United Shipbuilding Company and
St Petersburg design bureau Malakhit.
At a further stage, other companies, including the engine manufacturer Saturn, based in the Volga region city of Rybinsk, are expected to join the programme. The scientific base is to be centred around the Moscow State University and Skoltech.
"[Smart factories] will rule out human error that often leads to a decline in quality," said Borovkov, adding that smart factories won't depend on a
Russia's Yandex.Taxi to benefit from high Uber IPO valuation
IntelliNews Pro
Uber Technologies could hold an IPO in 2019. The company has been valued at $120bn by Goldman Sachs and Morgan Stanley, which is the double of current valuation and exceeds the value of General Motors, Ford Motor and Fiat Chrysler Automobiles combined, according to the Wall Street Journal citing unnamed sources.
In one of the biggest deals in the Russian tech sector in 2017, Uber and Yandex.Taxi of internet services major Yandex formed a joined venture in Russia and five other countries (Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan).
The sides said they will invest $225mn and $100mn in the new company, respectively, giving
specific location and could be basically based anywhere where the internet is available.
"No more fences, smokestacks or drawing boards," he added.
Overall, the Russian government plans to launch over three dozen smart factories by 2035, as well as 25 testing grounds and 15 experimental cen- tres for certification. The ambitious plan is to take a 1.5% share of the global segment of engineering and industrial design in the longer-term.
Preparatory work on the program will be done already this year, but most major steps are planned for 2019. They will include establishing national standards for paperless industrial design documentation, adoption of relevant regulation and introduction of proper certification for digital production processes.
Uber, Yandex.Taxi could hold $3.8bn IPO in 2019
it an estimated $3.8bn valuation and possibly seeking an IPO of the business in 2019. Yandex currently holds a 59.3% stake and Uber's 36.9% in the joint venture, with the remainder held by employees.
The Uber Technologies IPO and record-high valuation is a "positive signal for Yandex.Taxi", BCS Global Markets commented on October 17, noting that the price of Uber's IPO could serve as a future benchmark for Yandex.Taxi valuation.
Even the current $70bn valuation of Uber would imply a 30% premium for the Yandex-Uber deal in Russia, BCS writes. Russia's Yandex.Taxi to benefit from high Uber IPO valuation.