Russia's only BMP manufacturer emerged from crisis

Kurganmashzavod PJSC (KMZ) announced its exit from their crisis. Last year, it was able to increase its profits by almost 500 times.

This was reported to the TASS news agency by the press service of the plant.

KMZ is one of the largest enterprises in the military-industrial complex of Russia and is the only manufacturer of infantry fighting vehicles in the country, armed with almost 30 armies of the world. The plant is part of the Rostec structure.

In 2019, the company's profit amounted to more than 90 billion rubles, which exceeded the same indicator of the previous year by 469 times. At the same time, in 2018, KMZ reached positive financial indicators for the first time since 2014, making a profit of almost 193 million rubles. The plant managed to overcome the crisis by restoring reserves for loan guarantees.

The press service of the Kurganmashzavod announced the improvement of the situation:

Today the situation is stable, the enterprise is operating normally, fulfilling the state defense order. Salaries to employees are paid regularly, there is no debt on taxes and fuel and energy resources, there is no reason to talk about the crisis.

In 2017, Vneshtorgbank filed a lawsuit to declare KMZ bankrupt, but in 2018 Rostec bought the debt of the enterprise to the bank. After that, in 2019, the paperwork on declaring the plant bankrupt was stopped.

Comments

[bessmertniy]

Well done! A great example of what the public sector is capable of if the state does not betray it.

[seti]

Really good news.

[tihonmarine]

Quote: seti

Really good news.

In 2018, Rostec acquired the debt of the enterprise to the bank. After that, in 2019, the paperwork on declaring the plant bankrupt was stopped. The enterprise has survived and is operating.

[Cananecat]

So, while there were debts, there was no talk of profit and could not find a way out of the crisis. As soon as the debts were written off, so immediately the profit went down 500 (!) Times ... 500 times Karl ... not 10, not 20 ... but 500 ... and where was it before?

[Romario_Argo]

The Moscow Region apparently made an order for a large batch of vehicles: BMP-3, BMD-4M, BTR-MD
+ modernization of BMP-2M with Bahcha module

[bessmertniy]

How many privatized enterprises went bankrupt, and then just sold for a penny. As a result, today in many of our industries there is a domination of foreign shareholders and "investors" who ousted millions of employees of these enterprises from our enterprise.

[Serg koma]

Quote: bessmertniy

how many privatized enterprises went bankrupt, and then just sold for a penny.

Kurgan Wheel Tractor Plant

manufacturer of special heavy automotive vehicles from 1950 to 2011. Located in the mound.
Cars, special chassis, truck tractors and semi-trailers produced by the plant are used in the system of the Ministry of Defense, as well as oil and gas companies. In addition, heavy-duty ballast tractors are used for towing aircraft at airfields weighing up to 200 tons.
On April 28, 2011, the Arbitration Court of the Kurgan Region declared the plant bankrupt. Production facilities eliminated. The plant’s real estate has been partially redesigned.

One city - two fates ... We walked along an inclined road (to bankruptcy), but the state chose caterpillars abandoning the wheels.

Remember .....

[volodimer]

Obviously, she went to get new loans to pay off interest on old debts ...
Here is an example of how to properly provide support: they helped the manufacturer, and not the bankers.

[Tamer]

The main creditor of Kurganmashzavod is the State Corporation VEB. And how the Kurganmashzavod was "stocked" with debts and obligations, including "strangers", is a question for the Tractor Plants concern. What do banks have to do with it?

[volodimer]

How they brought the plant "to the handle" is written here in the comments, and VEB State Corporation - The BANK was ready to bankrupt the enterprise.
But my comment that for some reason our government is more willing to help banks, not enterprises, is wrong.
And this example is a nice difference from this trend.

[Tamer]

Formally, VEB is not a bank)) But I understand you
There are some "minds" of the government and the Civil Code, who really believe that it is possible to technically bankrupt the enterprise, write off all debts, first of all to persons not connected with Rostec (to put it simply, "throw"), and then from the "clean" (in the sense without debts to third parties) list to renew the enterprise - the assets of such enterprises are pledged on loans from the state in favor of the Civil Code. There are enough problems of the KMZ type throughout the country. More often such problems are solved by administrative resources, and not by "economics", and Kurganmashzavod is just that case.
An example with KMZ is, perhaps, a difference from the trend (with a reservation on VEB, Rostec, etc.), but I would not call it pleasant. Specifically, here, in my opinion, is simply covering up the traces of the result of the conniving attitude of certain officials over the past seven years.

[ltc35]

Interest went to the banks. When an enterprise works to repay loans, it is difficult to talk about profit, as well as about development.

[Grits]

Quote: Canecat

not at 10, not at 20 ... but at 500 ... but where was she before that?

I went to the banks.
The question is why ... do we have so many banks? Moreover, those who strip naked not only the citizens of the country, but also state-owned enterprises, defense enterprises. In the USSR there were only a few state-owned banks and they did an excellent job of supporting the economy of a huge country.
I think that demonstrative executions of bankers through one within a very short time will return the normal situation. Either the banks will begin to work for the good of the country, or their number will be reduced to 2 - 3. Which is quite enough.

[Machete]

Well, fine.
I had no mind not to ruin such an enterprise.
Would buy BMPs from Asian "comrades".

[Igor Borisov_2]

We can only be glad that we managed to save such an enterprise !!!

[Victor_B]

I generally can not understand how this state-owned enterprise could have flown so.
Surely it was privatized, but in order to buy a cheaper one, it was first deliberately driven into debt.
Expected to cut metal, but had to work.
These Chubais with Berezva and other nits put so many plants under the knife ...

[smart ass]

Berezovsky turned over in his grave

[Victor_B]

Quote: Clever man

Berezovsky turned over in his grave

Bind a corpse to a dynamo leg - let it flow to underdeveloped areas. (with)

[Grits]

Quote: Clever man

Berezovsky turned over in his grave

Now everyone is praying that his accomplice soon went to him and started spinning there ...

[axiles100682]

Perhaps he was driven into debt in order to be repaid under state administration. So to say, with the Gaidar-Chubais methods and with their own privatization muzzles

[Aleksandr72]

In 2017, Vneshtorgbank filed a lawsuit to declare KMZ bankrupt

- There is a long-standing need at the legislative level to prohibit banks from buying up manufacturing enterprises, especially those included in the military-industrial complex. Under the threat of revocation of the license and criminal prosecution of the owners of these banks. Otherwise, industry may be lost. It is time to recall that for the sake of 300% of the profit the capitalist will commit any crime, and he does not give a damn about the defense capability of the country, which is his homeland.

[carstorm 11]

First, they needed to be barred from collecting a wild amount of loans. they were not going to buy them. it was this and the wretched strategy that brought them to debt in my opinion under 100 yards of wood.

[Glory1974]

It’s time to remember that for the sake of 300% of the profit the capitalist will commit any crime

You have too good an opinion of capitalists. In my opinion, the initial discussion was that there is no crime that the capitalist will not commit for 100% profit.

[Piramidon]

Quote: Alexander72

It’s time to remember that for the sake of 300% of the profit the capitalist will commit any crime, and he does not give a damn about the defense capability of the country that is his Homeland

They do not have a homeland, there is only a certain territory from which you can pump money.

[Incvizitor]

The capitalist's homeland, where the grandmother is being slaughtered, is blown away by the West, dumped in China or the Russian Federation.

[Tamer]

Kurganmashzavod was part of the Tractor Plants concern. And questions

Quote: Alexander72

long overdue need

ask those who poured state money from left to right and did not control.
Theoretically, KMZ acted as a surety for the debts of "Tractor Plants", which received state money for their enterprises and "devoured", and when the "Tractor drivers" felt very bad, the last one was "The only manufacturer of BMP in Russia"

[Stirbjorn]

Quote: bessmertniy

In 2019, the company's profit amounted to more than 90 billion rubles, which exceeded the same indicator of the previous year by 469 times. At the same time, in 2018, KMZ reached positive financial indicators for the first time since 2014, making a profit of almost 193 million rubles. The plant managed to overcome the crisis by restoring reserves for loan guarantees.

I would like more specifics. A large batch of infantry fighting vehicles shipped to customers, compared with previous years ?! Or have they reduced payments to top management ?! 469 times the profit just can not increase

[carstorm 11]

debt cancellation and, as an option, getting rid of the debt burden will also be profitable. if rude.

[Vasyan1971]

Quote: Stirbjorn

I would like more specifics.

This is not for you here.
This is for you here:
https://tass.ru/armiya-i-opk/8060579

[lucul]

469 times the profit just can not increase

Sometimes, it is enough to change the thieving management, especially if it has become foreign agents and worked for the collapse of the enterprise.
Or simply - if the brothel is not profitable? What are they doing? )))

[knn54]

There will be no liquidation of the enterprise, no reduction of workers, too. Tax revenues will go to the budget of the Kurgan region. The mood was raised in the morning, however. Machine builders, so to speak.

[2 Level Advisor]

The news is unambiguously with a + sign, but there is a question - "effective managers" who drove into such a profitable enterprise that they had to pay from the state budget to banks, why are they not punished, and then they are raised? the former director, who just got these unnecessary loans, (accidentally the husband of Mikhalkov's daughter) instead of responsibility - now the director of the central scientific research institute of precision engineering - maybe when the "managers" will really have to answer for the failures, then the defense industry will work normally?

[carstorm 11]

you do not know the tasks that were set before him. most likely the former leadership deliberately brought it to this. everything there is not just mediocre but simply stupid. this is generally common practice. you can’t write anything criminal here. but the fact that he was well settled somewhere just says that he completed the tasks. you just need to understand that the circle of these tasks can have nothing in common with what everyone thinks.

[rocket757]

If necessary ... then it is necessary and money was found.

[Vasyan1971]

Well. And there was a scream!

[Andrey Mikhaylov]

Vneshtorgbank filed a lawsuit on recognition of the only BMP production plant. Bankrupt This is already a real clinic. And a real mess.

[YOUR]

This is not a clinic, this is our state. I can’t imagine how a defense enterprise could go bankrupt and why our Russian bank bankrupt it.
How can a company that supplies its products to 30 countries become bankrupt?
Only in one case, this can happen internal disassembly, deliberate bankruptcy for the purpose of redemption and establishment of control over a super profitable enterprise.

[carstorm 11]

it was not profitable and could not be by definition. just because there is no export potential. become bankrupt? Yes Easy. one loan. then another to cover it and then more and more and more. and that’s it.

[YOUR]

What are you talking about. The enterprise of the defense industry, the ONLY in the country and forced to take loans in order to survive. You are about what, dear. This is an enterprise that the country does not need, our army does not need, no orders? What are you talking about? But if as you say, then how to understand the words of Shoigu about the flow of new military equipment and its enumeration. Let me remind you that he is the Minister of Defense for 8 years.

[Grits]

Quote: YOUR

What are you talking about. The enterprise of the defense industry, the ONLY in the country and forced to take loans in order to survive. You are about what, dear. This is an enterprise that the country does not need, our army does not need, no orders? You about h

Imagine for a minute, then suddenly a comrade of the IVS was reborn ... And he began to understand the situation with this plant. Interestingly, of all the participants in this adventure (mess), what would be the percentage of survivors?

[YOUR]

Hm? In my opinion, you can only sympathize with those who started this, as well as their families.

[Ratmir_Ryazan]

In 2019, the company's profit amounted to more than 90 billion rubles

Something is very much for the enterprise of the military-industrial complex, most likely a mistake somewhere.

[Tamer]

Profit is indicated, most likely, in the form of income, excluding costs, taxes and other, any "selling expenses". In addition, I admit that this "profit-income" under the state defense order and military-technical cooperation for several years.
The news from the press service of the plant to TASS - it is said to PR in full - PR in full))

[Ratmir_Ryazan]

Maybe it's just revenue?

And then at such a pace, Kurganmashzavod PJSC will soon overtake Gazprom in terms of net profit))).

VAZ makes 700 cars a year, has a profit of 000 billion rubles, but they have not started making new BMPs, but already 6 billion profit.

[Tamer]

Maybe it’s just revenue, if for executed orders, but what the press service of the plant thought about there when they wrote, it's a secret for me

[Gennady Korsunov]

Yes, today the news is good. And about tomorrow or after tomorrow, can anyone say anything?

[axiles100682]

Maybe Pavel Globa

[23424636]

The fact that the strategic enterprise fell into the bondage of banks is a minus to the government in which the debt was formed. It is good that it is not Alfa Bank controlled by Western investors and the Hasidic lobby sitting in London. Bets for strategists should be minimal, but alas, this did not happen. On the other hand, profit compared to last year is 500 times. The guys who set the price with such figures for a defense order. If we are talking about the external export component, this is one thing, but if it is only an internal product. Then you need to look at what they invest there in the pricing of the product. and reduce the appetites of business executives. After all, this is the state budget of the country.

[Tamer]

Kabalili-Bankrupt were not banks, but also the State Corporation Vnesheconombank. This time.
A normal commercial bank didn’t understand anyone, don’t understand that I would not lend. These are two.
Alfa-Bank is no worse than Sberbank - both are non-state, and one of them generally not only belongs significantly to non-residents, but also half belongs to an incomprehensible organization controlled by Western investors and the lobby. These are three.
There are not one, not two, and not five strategic enterprises in Russia. Many of them are not state-owned, many of the state are successfully bankrupt by the state - in the person of the Civil Code, many are enslaved by banks, or by Rostec. These are four.
The state defense industry is always the state budget of the country, even for the domestic market, at least for the external one, and it’s too late to look there, we must do it a long time ago. It's five.
Enough for now.

[lucul]

And not a single communist in the subject - they do not seem interested ....

[senima56]

To paraphrase W. Churchill, we can say: "You need to be a genius to bring such a plant to bankruptcy!"

[Tamer]

Why does the VTB PJSC - Vneshtorgbank appear in the message text, although 10 years the main creditor of the Kurganmashzavod is Vnesheconombank Group of Companies ?! And who bought something there)) - GC Rostec, on a specially created LLC, received from GC VEB is entitled to debts under an assignment agreement. It must be, however, Rostec "bought the debt" from VEB)) from pocket to pocket Faberge is rolling

[EvilLion]

There was a profit of 1 ruble, became 500 p. Increased 500 times. :)