Russian government allocates $39 mln for Vostochny spaceport operationScience & Space August 18, 17:18
US sanctions will not affect construction of Turkish Stream, Akkuyu NPP — energy ministerBusiness & Economy August 18, 16:53
Turkey wants to use national currencies in trade with Russia — economy ministerBusiness & Economy August 18, 16:31
Police detain fourth suspect in Catalonia terror attacksWorld August 18, 16:05
Roscosmos denies cooperation with North Korea in missile technologiesScience & Space August 18, 15:59
Russia has no plans to attack NATO countries — diplomatWorld August 18, 15:38
Barcelona terror attack caused by illegal migration, Hungarian diplomat saysWorld August 18, 15:30
Russian, German top diplomats discuss North KoreaRussian Politics & Diplomacy August 18, 15:28
Spain hopes for cooperation with Russia in fighting terrorismWorld August 18, 14:50
IZHEVSK, January 16 (Itar-Tass) — Russia’s weapon maker Izhmash has started creating a corporation that will bear the name of Kalashnikov, the inventor of the automatic rifle, Deputy Prime Minister Dmitry Rogozin wrote in his Twitter blog.
“In the evening I met with the Izhmash leadership. We drew up the guidelines for the company’s recovery and the creation of Kalashnikov Corporation,” he wrote.
Izhmash spokeswoman Yelena Filatova said Rogozin met with the plant’s director-general, Konstantin Busygin.
Udmurtia President Alexander Volkov told reporters that the republic’s authorities hope with the deputy prime minister’s support to sort out the situation with Izhmash that is undergoing bankruptcy procedures.
“Naturally, it will take twelve or eighteen months to settle bankruptcy-related affairs, but the plant’s team will work more effectively this year than in 2012,” he said.
At last year’s meeting with President Vladimir Putin Rogozin initiated a merger of the country’s two weapon makers – Izhmash and Izhmekh based in the Republic of Udmurtia.
The deputy minister believes that the creation of a corporation under the brand Kalashnikov will help to consolidate efforts in the production of civilian firearms and to keep designers’ potential in Izhevsk.
Izhmash is Russia’s largest manufacturer of automatic and sniper rifles, guided canon projectiles and a wide range of civilian weapons – hunting and sporting rifles and machine tools. The plant was established in 1807. Izhmash exports its goods to 27 countries, including the United States, Great Britain, Germany, Norway, Italy, Canada, Kazakhstan and Thailand.
The Izhevsk Mechanical Plant is a multi-purpose enterprise with technologies of machine-building, metallurgy, engineering, microelectronics. It manufactures civilian and service weapons, electric tools, oil, gas and wrapping equipment, medical devices and steel castings. The plant mainly focuses on the production of sporting and hunting rifles and pistols.