Bankruptcy lawsuit filed against Tractor Plants

Vnesheconombank (VEB) filed a claim for bankruptcy of the Tractor Plants Concern (KTZ), reports RBC.

The amount of the claims of the bank is 68,5 billion rubles. The application was registered on October 23, the case will be considered by the Arbitration Court of Chuvashia. Date of the first meeting has not yet been scheduled.

The press service of Rostec said they support the actions of VEB.

Today, the recovery procedure is the only way to overcome the crisis and normalize the work of problem enterprises,

noted in the corporation.

The company also reported on 3's priority tasks: “to eliminate the disruption of the state order, to ensure social stability (about 20 thousand people work at KTZ) and to lay the foundation for the further development of assets”.

The press service added that today "several scenarios for the withdrawal of enterprises from the current state are being worked out, they are all positive."

The head of VEB, Sergey Gorkov, said in early October that he would adhere to the "default strategy" in relation to KTZ.

Now our task is to ensure, nevertheless, that the plants do not stop, work and continue their activities,

noted Gorkov.

Earlier it was reported that KTZ debt exceeded 85 billion rubles. In March, the Ministry of Industry and Trade decided to transfer the military assets of the concern, the Kurgan Machine-Building Plant and the machine-building company VgTZ, under the management of Uralvagonzavod.

Comments

[St Petrov]

oyoyoyo now here they will talk about everything is gone. as in the topic about the bankruptcy of Izhmash

with the same commentators. I anticipate a bunch of raid in the form of pathos speeches and of course there will still be discussing retirement and give a schedule on which Russia, according to UN estimates, left from 99th to 149th place in something there.

In general, let's. Burn.

[maxim947]

Nothing is clear at all, and the lender and the owners support bankruptcy ...
From the side it looks like some kind of a “knight” move, they want to solve some kind of problem with roofing felts with owners, roofing felts with a form of ownership. And if for garlic, then I just don’t understand this, but it looks at least strange))

[Zibelew]

The state regains control of strategic enterprises, although in this case it is not particularly critical. Having credited and went bankrupt. And the plant will continue to make armored vehicles without stopping. Re-issue documents for a different submission, that's all.

[Logall]

Quote: Zibelew

The state regains control of strategic enterprises

[St Petrov]

Logall, well, there really already are enough sons of Israel. Well, where else to push Slepakov. this one is still an empathy.

I turn on the TV - I think whether the branch of which state is our blue screen

[Logall]

I myself would sing, but there was no guitar at hand! I inserted a song, and the author is up to Feni to me !!!

[Ivan Ivanov]

Slepakov would sing his “ass grows” and not go into politics, like all the cultural figures of the Dudes whom he supports, they bombed our economy no worse than Uncle Adik.

[Logall]

Do you want to support The economy of the Baltic countries - do not buy their products! Also here: you do not want Slepakov to sing –Do not listen to him and he will stop ...
And you also know his repertoire!

[Ivan Ivanov]

His and his type on the air is more than enough. studied willy-nilly

[Ivan Ivanov]

Liberal troubadour, like most of their party, Talks about things that are poorly understood, supports dudes, apparently related to the collapse of the country, being popular and therefore influential. this is the problem. and let him want to sing something.

[d ^ Amir]

The state regains control of strategic enterprises

it’s possible easier .... sent on foot erotic "effective managment" with "effective managery" and the production of armored vehicles is returned to the state ... there is still something to return ....

[Sailor]

Your speeches and GDP in your ears.

[Normal ok]

Quote: maxim947

Nothing is clear at all, and the lender and the owners support bankruptcy ...

It’s just that creditors and owners have long stolen money and divided it among themselves. And debts will now be written off, that is, transferred to taxpayers.

[Dangerous]

Let's answer. In 2007, when he worked there as a shop manager at the Cheboksary Tractor Plant, 90-100 tractors were produced monthly, 10 people worked. In 000, there were already 2011 left. Now the plant operates on a part-time shift and part-time basis. This chakhorda has been going on for a long time, the plant has huge debts for electricity, electricity and salary. And the plant has really been bent for a long time. Employees seemed to be promised employment, but who and what kind of salaries are naturally not spoken about. And you, comrade Petrov, would first have to delve into the situation so as not to flog nonsense here

[St Petrov]

And you, comrade Petrov, would first have to delve into the situation so as not to flog nonsense here

Today the recovery procedure is the only way to overcome the crisis and normalize the work of problem enterprises

although it was possible to continue to accumulate debts for electricity. and try to take new loans for renovation and rehabilitation, having several billion debts (85 billion). I don’t know how it would have happened and at what%

[zivXP]

Now the plant works in part-time shifts and part-time workdays. This chakhorda has been going on for a long time, the plant has huge debts for electricity, electricity and salary. And the plant has really been bent for a long time.

But on the contrary, people are developing production, they are opening new workshops.

[gromoboj]

And what to burn from the beginning of the 90s, industry is systematically destroyed, to the applause of our sworn "friends"

[St Petrov]

industry has been systematically destroyed since the beginning of the 90s

aha

[owl]

Quote: s-t Petrov

St Petrov

Sorry, but in the year 91, well, for example, China, they also sold electricity ??

[Zug]

Well, cho-VER bankrupt military plant, and MO this VER this bank supports an absolutely healthy strategy. Bankrupt and kaput plant-cho MO will not rush in? and you don’t have to trifle that your nuances are there — this is a factory producing special equipment — and they shouldn’t be touched at all a priori. bankrupt already but the infusion .... this is not for you Special factory, this infusion is not needed

[Gray brother]

Quote: Zug

those not touched at all should be a priori

“Apriore” does not mean that you can take loans and not give them away.

[Zug]

why do special plants need loans? - he must live under the patronage of the state

[Gray brother]

Quote: Zug

why do special plants need loans? - he must live under the patronage of the state

Yeltsin decided that he should not, and through this the factory became private. And since we live in a capitalist state, our private property is inviolable. And then there’s a “roof” in the form of a state order - why not live?

[Zug]

Return the factory to the people, together with Stalin!

[Gray brother]

Quote: Zug

Return the factory to the people, together with Stalin!

Here are his people (factory, not Stalin) for scrap and surrender.
But we are not able to raise the dead yet, sir, unfortunately.

[Juborg]

What can I say? While the shareholders withdraw all the profits to the limit and don’t invest a penny in the development of production, nothing will come of it, they will bankrupt until they destroy the holding (after all, this is essentially a few large enterprises and no less than small enterprises!).

[Sonet]

Excuse me, comrade, are you in some way connected with ,, TK ,,? Do you know the situation with the plants?
So I’ll tell you, because one of the factories is located across my road and it has already been bent for a long time. Recently, a new workshop has been built and it is empty, there are no orders, the plant is working at half strength. People are massively leaving for Moscow, my city is empty, they remain only students and the elderly.
And you continue to provoke people that ,, Rasey will endure everything ,,, We get up from Kalen ,,, Putin our Tsar vazradil Rassiya ,,.

[Gray brother]

Quote: Sonet

Russia

It is written through "o".

[Alexey-74]

There will be an association with Uralvagonzavod. The main thing is that the plant works and fulfills the defense order. And all this fuss with banks should not affect the defense of Russia.

[Vasilenko Vladimir]

Quote: Alexey-74

The main thing is that the plant works and fulfills the defense order.

the main thing is that the plant be ours
today the owner of the company is MACHINERY & INDUSTRIAL GROUP NV, registered in the Netherlands

[IL-18]

Quote: Vasilenko Vladimir

today the owner of the company is MACHINERY & INDUSTRIAL GROUP NV, registered in the Netherlands

Go bankrupt! It would be nice property claims to the owners.

[Vasilenko Vladimir]

Quote: IL-18

It would be nice property claims to the owners.

not really this LLC, that is, the founders are not liable with their own property

[210ox]

The only way is to improve the health, more precisely, of the complete information of the socio-political system in the country. And the “activists” are bringing the key enterprises to the handle-to-wall!

[210ox]

Strange the site works .. It’s like I’m typing not in T9 but it becomes another word. Information is not a reform ..

[NKT]

VEB is a state-owned bank that receives cash injections from the state during the crisis. What is the point of one state-owned enterprise to bankrupt another, especially related to the defense industry and say that it is a recovery. Straight wrecking.

[Livonetc]

Quote: NKT

VEB is a state-owned bank that receives cash injections from the state during the crisis. What is the point of one state-owned enterprise to bankrupt another, especially related to the defense industry and say that it is a recovery. Straight wrecking.

What makes you think that KTZ is a state-owned enterprise?
"In the summer of 2016, the owners of KTZ Mikhail Bolotin and Albert Bakov proposed that the Russian wills reorganize KTZ by transferring military assets and most of the civilian assets to the state."
Now, apparently, it will become a state.

[Kudrevkn]

"Effective management in action"! "The market will adjust everything!" (LADIES). So they’ve “adjusted” the GDP ... before bankruptcy?

[Vadim237]

Yes, this KTZ along with BMP does not have competitive products, everything else is on the market, UVZ, ChTZ and so on produce a variety of competitive products, and so KTZ includes six plants, they got loans, but they can’t give back, so as there are no orders for products or they are scanty.

[Mavrikiy]

transfer the military assets of the concern, the Kurgan Engineering Plant and the engineering company "VgTZ", to the management of Uralvagonzavod.
Swam, we know. Uralvagonzavod most recently nearly Alfa Bank failed. UVZ will compete competitors at zero and kick. CTZ won "thrive"

[Alexey RA]

Quote: Mavrikiy

UVZ will compete competitors at zero and kick. ChTZ won "flourishes"

There is a reverse example: bent (by the same UVZ ) Omsk, after moving under the wing of the UVZ, first received contracts for the T-72B3, and now - for the modernization of the T-80.

[Altona]

In Chuvashia, two factories, or rather, even three factories belong to KTZ Mr. Bolotin. This is the Cheboksary Tractor, though without associated casting and tooling enterprises, which have long been withdrawn to separate enterprises. This is the Cheboksary Aggregate, which fell under the grasping paws, because apart from the production of castles, he did not find himself in this life. And this is Kanashsky Car Repair, now called “Promtractor Wagon”, it seems to have earned, but still in the pose of a broken birch, received an order for the manufacture of 5000 gondola cars and wagons of various types.
PS The business model of Mr. Bolotin is not entirely clear. In the tractor market, it competes with the Chelyabinsk tractor, though in a more powerful segment, with Liebherr, Huyndai, Caterpillar, Comatsu and the like. On the market for wagons with UVZ and the same new factory in Tikhvin. In principle, it does not matter who the owner of the plant is, if only people would work.

[Nemesis]

All defense and oil and gas companies in Russia have long been time to nationalize.

[Vadim237]

And what this nationalization will give is one fig, there will be no more money from what is now.

[Nemesis]

With GDP, it won’t give anything, because it doesn’t punish corrupt officials ... but after it leaves, it will give a lot ... It will give stability, order will give and the state will appoint the directorate’s salary, and not the government itself ... which will save a lot. control the process, and put corrupt officials against the wall, as in China ...

[Vadim237]

“But after he leaves he will give a lot ...” Of course, we’ve already run straight to give a lot.

[Nemesis]

In the USSR, the punishment for stealing from the state was much stricter than for stealing from private individuals. This is if you do not remember or did not know, and for stealing from the state in large amounts was punished by execution and confiscation of property ... So, that’s a lot '' and the effectiveness of the leadership depends on who is sitting in the Kremlin ... As long as those who put up monuments to the wino Boris sit there will be nothing good.

[rocket757]

It is quite possible that the state will take control of the KTZ ... it cannot yet be argued that the return of defense enterprises, under the "wing" of the state, did not benefit them.

[bald]

And what is not clear, what kind of leader - such and the plant - are used to scratching their asses, and pushing subsidies into their pockets. At least once thought head over the long term. They threw up standing developers, put workers on them and are waiting for orders, for nobody useless shit. And under the USSR, both the citizen and the military commissar were released - there was a quality mark, personal stigma, Gost, Snippa, there was a military acceptance and try to make a mistake. But these are now the children and grandchildren of the former - they are overgrown at the end.

[Felix]

For the state, gaining control of the plant through bankruptcy is cheaper than nationalization.

[1536]

I always wondered how if there is a plant, workers, engineers, machine tools, equipment that produces products, you can go bankrupt. After all, leadership does not play cards, and does not run around Paris for the woman he loves, spending millions, in fact? And the workers, it seems, do not lie in stacks under the shafe. And no one expects that a war is about to begin, which will write everything off. Meanwhile, we are bringing all kinds of “rubbish” from China, because there is no one to organize its production at our enterprises with the proper quality, because we buy cars in batches from the Germans and Koreans, because for some reason the factory that makes tanks cannot produce ordinary cars for trips to the country, or the same motorcycles for young people, compressors, air conditioners, pumps, or something else for the people. Since 1985 of the year we have been conducting these conversations, and things are still there. Either all military production will be destroyed and given over to the factory under the warehouse of Afghan-Chinese consumer goods, or let them save so that they can save again in ten years. Sick, right word!

[Vadim237]

The answer is simple - production is not profitable, products are not competitive.

[shoemaker]

The answer is even simpler. Now financing of the state order goes through a special account, from which misuse is impossible. And two years ago, the management of the concern Tractor Plants withdrew money from the accounts of the Kurganmashzavod. It got to the point that there was no money to buy metal for already concluded contracts. Two related companies filed lawsuits to declare the plant bankrupt, since there was no payment for the shipped components. So it’s high time to take Bakova (incidentally, Nikita Mikhalkov’s son-in-law) and Bolotin under arrest until they fled abroad.

[Mikhail Zubkov]

Quote: Vasilenko Vladimir

Quote: Alexey-74

The main thing is that the plant works and fulfills the defense order.

the main thing is that the plant be ours
today the owner of the company is MACHINERY & INDUSTRIAL GROUP NV, registered in the Netherlands

There, the dog is buried there - they are recognized as bankrupt, and a new investor from Chelyaba will take the plant to them, who will write off debts for the communal apartment and restructure and credit loans to our left banks. VEB - he knows what the country needs.

[APASUS]

Now, instead of "Tractor Plants", "Tractor Plants" will appear. The name will be replaced, debts will be written off and the suit will go again. Here put a couple of three "inveterate owners", such debts are not formed from scratch

[Vadim237]

85 billion rubles are the debts of all six plants over several years of operation.

[APASUS]

Quote: Vadim237

85 billion rubles are the debts of all six plants over several years of operation.

I work in an office that itself engages a third-party audit every year. I doubt that these debts were formed simply from scratch.

[shoemaker]

This is a loan that the concern took from VEB on the security of the Kurganmashzavod + interest + debts of all the plants of the concern. and there are more than six factories

[shoemaker]

The machine-building and industrial group, whose enterprises are managed by Tractor Plants Concern Corporate Management LLC, is one of the largest Russian integrators of scientific, technical, industrial, technological and financial resources in mechanical engineering, both in Russia and abroad.

Since 2006, the group included 17 backbone manufacturing enterprises, employing more than 20 thousand people from 10 constituent entities of the Russian Federation, as well as far and near abroad, specialized 4 engineering and 3 trading and service companies. http://www.tplants.com/company/

[NordUral]

Perhaps quiet nationalization options are being worked out. I hope that this will be so with other strategically important enterprises. And I really hope that I'm not mistaken.

[rumatam]

when do they grab creatures?

[Altona]

Quote: Nemesis

All defense and oil and gas companies in Russia have long been time to nationalize.

---------------------------------------
Nationalization is not a panacea without a responsible leadership thinking not only about its own pocket.

[Dark_Filin]

I recall that on 1 on June 2009 General Motors declared bankruptcy. And what, she ceased to exist? Or maybe she lost at least half of her assets?

[Alex Justice]

At us, in Australia, all automobile factories Ford, Toyota and Holden are closed :(

[Vadim237]

What are they closing for?

[shoemaker]

Dear Alex, if I'm wrong, then correct. Australia's economy is mainly raw, as in Russia. The price level is quite high, many goods are imported. Demand for raw materials (coal, ore) fell in the foreign market. Therefore, the AU population has less money and the demand for cars has fallen. Therefore, well-known automotive brands began to wind down their branches in Australia. The same thing in the Russian Federation.

[Bosch]

As the saying goes: comments are redundant.