Economy
Nizhny Tagil is a large industrial center of the Middle Urals. Such highly power-intensive industries as ferrous metallurgy, engineering, chemistry, and metal working are well-developed in the city. A total of 606 manufacturing companies operate in Nizhny Tagil.
Nizhny Tagil Iron and Steel Plant (Nizhnetagilsky Metallurgichesky Kombinat, NTMK) is a leading Russian steel company.
Uralvagonzavod (UVZ) is well known in Russia as the main producer of modern tanks on the territory of the former Soviet Union. The T-72, T-90, and T-95 are produced in the city.
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)