Rostec has no plans to merge “Uralvagonzavod” with KMZ

MOSCOW, June 21. /TASS/. The state Corporation “rostec” has no plans to merge “Uralvagonzavod” and the Kurgan engineering works (KMZ), reported TASS the General Director of Rostec Sergey Chemezov.

“While this question is not before, you have to understand,” he said.

Chemezov said that “Uralvagonzavod” is already almost entirely under the control of the Corporation. “UVZ almost completely switched, now the registration is completed, but the Director of our already assigned (Alexander Potapov – approx. TASS),” – said the head of Rostec.

At the end of 2016, it was reported that after the transfer of shares of the Corporation “Uralvagonzavod” and CMS may be formed by holding for the production of armored vehicles, as enterprises have similar competencies.

In March 2017 the Governor of the Kurgan region Alexey Kokorin told TASS that the inclusion of KMZ in the “Uralvagonzavod” will allow to improve economic situation in the enterprise.

Kurgan machine-building plant produces infantry combat vehicles, standing in service in some 30 countries. In addition, the company produces the caterpillar cross-country vehicles, forestry machines, wheel loaders, mini tractors, trailers, and equipment for the oil and gas industry.

NPK “Uralvagonzavod” is a Russian Corporation which is engaged, in particular, the development and production of military equipment, including tanks, self-propelled howitzers, heavy flamethrower system. The President of the Russian Federation Vladimir Putin 27 Dec 2016 signed a decree on the transfer of the Corporation 100% shares of “Uralvagonzavod”.