Putin gave producer of tanks “Armata” of the state Corporation “rostec” – RBK

^{Scientific and production Corporation “Uralvagonzavod”}

Photo: Donat Sorokin/TASS

President Vladimir Putin signed the decree about transfer of 100% of the shares in Uralvagonzavod, burdened with large debts, the state Corporation “rostec”, which is headed by Sergey Chemezov. The change of the General Director of factory Sergey Chemezov did not comment.

Putin signed the decree about transfer of 100% of the shares in Uralvagonzavod (UVZ), which belonged to the Federal property management Agency, the state Corporation “rostec”, says the document, published on Tuesday, December 27, on the official portal of legal information. “Accept the offer of the government of the Russian Federation on the transfer of state Corporation for promoting development, manufacturing and export of high-tech industrial products “rostec” as a property contribution of the Russian Federation being in the Federal ownership shares of joint stock companies under the list according to the Appendix”, — is spoken in the document.

on Tuesday the decree entered into force. The government should within one and a half years to carry out measures stipulated by the decree, i.e. until mid-2018.

Deputy General Director, Uralvagonzavod Alexey zharich said RBC that the transfer of 100% shares of “Rostec” is quite logical, considering that many suppliers, UVZ included in “rostec”. “We have supplied for DC components, such as electronics, optics and other systems and Rosoboronexport exported tanks “Armata” — confirmed RBC representative of “Rostec” Ekaterina Baranova.

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the First to pass “the Corporation” Uralvagonzavod, which produces tanks “Armata”, suggested Deputy Prime Minister Dmitry Rogozin, who oversees the military-industrial complex. In October, the newspaper “Vedomosti” reported that he wrote a letter to Putin in which he expressed dissatisfaction with the operation of the plant. Rogozin also proposed to change its CEO Oleg Sienko, UVZ which runs from April 2009, due to the difficult financial-economic situation of the plant (net debt at the end of the first half of 2016 amounted to 276 billion rubles on revenue of 43.1 billion rubles) and the threat of disrupting the state defense order. On 1 December, the Minister of industry and trade Denis Manturov said that the process of transferring the plant will be launched “soon”.

“rostec” will help UVZ in a period of crisis for the civilian production and cooperation in military factories will create a single “armored holding”, — Rogozin wrote Tuesday in his blog on Twitter.

In the case of the transition of Uralvagonzavod under the control of “Rostec” the main task — the “financial rehabilitation” of the enterprise, said yesterday, 26 December, the General Director of state Corporation Sergey Chemezov, speaking at the briefing. “We need to conduct a financial recovery, there is quite a large debt,” he said. According to him, the debt was incurred primarily due to the fact that the plant has established a “daughter” of “UVZ-Logistik” which “herself bought the cars” as the Railways refused to buy them for the last two to three years. This was done in order not to stop production, said the head of Rostec. He believes that the bulk of the debt can be returned in case of sale of “UVZ-Logistik”. Finding buyers for the asset does Sberbank CIB, told RBC representative of the Bank. The question of the possible resignation Sienko, the General Director of Rostec declined to com ment.

Chemezov also noted that UVZ can be combined with Kurganmashzavod, “daughter of” concern “tractor plants”, which also goes into rostec, into a single holding company, engaged in production of armored vehicles. “We welcome the integration of armoured assets into a single holding company as the next stage of development by Uralvagonzavod. The recently adopted by the Board of Directors strategy up to 2025 years just discussed build a strong diversified holding company,” said RBC Jaric. But he declined to comment on the possible sale of “UVZ-Logistik”.

Perhaps on the basis of UVZ want to create a more extensive holding, which will combine the production of all armaments for land forces, assumes the editor in chief of the magazine “Arsenal Fatherland” Victor murakhovski.
Rosoboronexport, part of rostec, through the Ministry of industry and trade made a request about who can be a provider of tank technology. The Ministry was the sole supplier — UVZ, as apart from him no one in Russia is engaged in the production of tanks, reminds murakhovski. The plant fulfilled the order and gave it to Rosoboronexport, will also after switching on UVZ “rostec”, the expert assumes.