By focusing on programmes with mutually independent market trends (car electronics, drive systems and mechatronics), Iskra Avtoelektrika reduces the risks of the impact of possible new crisis peaks, the company wrote in a press release on Monday.

According to the press release, the focus on niche market segments will enable the company to grow in the long term even without strategic partners, however, a capital increase may help secure this growth and ease new high investments in research and development.

The company's planned long-term development is based on its own R&D and orientation to new green technologies. This strategic orientation may affect the sales structure with a shift from the currently prevailing heavy machinery sector to the sectors of cars, small electric vehicles, vessels and alternative energy sources.

The strategic plan also envisages spreading to new markets, in particular South America, India, and the countries of the former Soviet Union, the press release goes.

Iskra Avtoelektrika plans to reduce costs through optimisation of global shipping flows, specialised production, modern IT support, lean management, ISO standards and the EFQM excellence model.