Russian Far East’s largest military shipyard nationalization $ 100
Data Figure: Russian Akula attack submarines manufactured by the Amur shipyard in Russia’s special correspondent
11 Russian Prime Minister Vladimir Putin visited in the Far East Khabarovsk Krai Amur River Amur Komsomolsk shipyard, and the brink of bankruptcy to bring this line back to life military enterprises of hope. Russian media that has always been committed to promoting the privatization process of Putin, the exception allows the state holding companies back from private hands right, not only that Putin this long-established the importance of military enterprises, and marks the revitalization of the Russian government troops industrial determination.
shipyard workers advocate nationalization
According to the Russian “Kommersant” reported, the Amur shipyard Putin arrived after 11, first met with some workers representatives. One Chinese man named Alexander Zaitsev of the fitter Astra ventured to the Prime Minister expressed the hope that factory be nationalized. Putin heard, immediately inviting the worker to participate followed by government officials and business representatives to participate in the development of shipbuilding industry of the Far East Conference.
meeting to a close, Astra Han Zaitsev at the invitation of Putin reiterated his point. In this regard, Putin responded: “We are not anti-privatization as a goal to, but the individual (business) owners not efficient, of course we should consider how to change the situation, especially in defense orders are issued enterprise. “Since then, he announced a transformation plan Amur shipyard equity.
Russia “Herald” quoted Putin as saying that Russia’s largest state-owned banks and savings banks agreed Amur shipyard private shareholders, nominal prices for the former to the latter held 59% of the shipyard shares; Subsequently, the same price savings bank and then transfer these shares to state-owned joint shipbuilding group, and to the group for a period of 10 years, totaling more than $ 400 million loan for the Amur shipyard’s debt restructuring.
a result the joint count after the Amur shipyard shipbuilding group holds some shares, after this transaction, the shipyard for 77% of the total share capital will be transferred to state hands. Russia “newspaper network” quoted Putin, accompanied by Deputy Prime Minister Sergei Ivanov visited the Russian saying, Amur shipyard in the transfer of shares 59% of turnover is very low, only the Amur River is equivalent to a one-way ticket to Moscow Komsomolsk price 1/10, that is about $ 100.
debt up to 36 billion rubles
Amur shipyard was founded in 1932, the Russian Far East’s largest shipyard, is listed as a strategic industry backbone enterprises, have a glorious history. Production from 1936 to 2008, a total of Amur shipyard built 270 ships and vessels, including 56 submarines, 41 diesel-electric submarines, 36 surface warships, 137 civilian ships and so on. Production capacity of its nuclear submarines in Russia’s premier.
Russia “Herald” quoted the Russian Centre for Strategic and technical experts in Balabanov’s saying, from the 1990s onwards, when the Navy no longer issued orders to the Amur shipyard, this enterprise began to fall into crisis. In the wave of privatization, its controlling stake into private hands. Private owners want to develop products for civilian use to make the factory up and running, but failed.
as the Amur shipyard business situation is deteriorating, the Russian government wanted to get rid of this burden. In 2006, when he was Russia’s Economic Development and Trade Minister Gref believes that because of poor financial situation of the plant to retain state holdings have been uneconomical. October of that year, 20 percent of the Amur shipyard in the state-owned shares to be auctioned but the final bids, making it not completely abandoned by the state.
present, Amur shipyard in Russia is the most serious problem is one shipyard. According to the “Herald” reported, the first nine months of 2008, the company net loss of 15 billion rubles (1 U.S. dollar equals 33 rubles) on sales of only 139 million rubles. As of October 1 last year, the shipyard’s total debt as high as 330 billion rubles, and now increased to 36 billion rubles.
Putin throwing money to save the shipyard
Amur shipyard’s experience with the internal management of Russian industrial enterprises there is a certain confusion associated. Since 2001, the shipyard joined the small tonnage shipbuilding concern (advanced form of monopoly, generally twelve strongest in the core of large monopolies, the cross-sectoral, cross-industry many big companies together the formation of a monopoly enterprise group). According to the “Russian newspaper” reported that the end of 2004, this concern, together with four senior managers responsible for the Amur shipyard’s vice president of supply operations, planned to steal the Russian federal budget through savings funds allocated to the shipyard, resulting in shipyard suffered huge losses.
In addition, the deep crisis of the Amur shipyard misfortunes never come singly. Last November, the plant responsible for the development of the “seal” nuclear submarine diving trials in the Sea of ??Japan, the sailor without a start extinguishing systems, leading to the cabin 20 people died due to inhalation of Freon. Russian media that the cause of the accident is partly due to poor management of the shipyard, resulting in a large number of skilled workers have left.
Amur shipyard in the Russian industrial sector is not alone. Russian President Chemezov technology group of countries in February this year has pointed out that Russian military-industrial sector, only 36 strategic body fairly stable financial position, about 1/3 sign of the military industrial enterprises bankruptcy. Among them, the production of munitions and special chemicals manufacturer is particularly difficult, about half of the company near bankruptcy.
be pointed out that the Russian government has to support military industries as a response to the international financial crisis, one of the priorities. Putin announced in February has signed on to the Russian military-industrial giants – MiG inject 15 billion rubles of government orders. In addition, the Russian government decided to purchase MiG spending 17.3 billion rubles in the company’s products.
Amur shipyard “treatment”, and similar to the MiG company. Itar-Tass quoted Putin as saying that, in addition to provide a total of $ 400 million of 10-year loan, the Russian government will Amur shipyard week allocated 1.9 billion rubles for the completion of the new submarines (the “seal” nuclear submarines) and construction and sea trials. In addition, by June this year, the shipyard will also receive a total of over 500 million rubles for defense procurement orders.