Junk Yard Dog wrote: The other day someone told me they read someplace that Molot was a Russian state run entity. I have no idea where they picked that tidbit up, it's a crock of shit. Molot is a commercial enterprise that happens to use some facilities once used by Izhevsk, or at least their parent company does. Civilian commercial operation privately owned and in business to make a profit.
Molot is for all practicalpurposes controlled by the state, here is the paper trail for those who are intrested....
Molot is actually made up of 4 companies.... Please note the highlighted portion
http://www.alacrastore.com/company-snap ... SC-4119995
Molot OAO (Vyatskie Polyany Machine-Building Plant Molot OJSC or Molot OJSC) is a Russia-based company engaged in the manufacture of arms. The Company’s product portfolio comprises hunting smooth bored shotguns, hunting rifle, traumatic guns, signal guns, arbalests, Kalashnikov light machine-guns and others. Molot OAO operates through four wholly owned subsidiaries: Sanatoriy-profilaktoriy Molot OOO, a health treatment and rehabilitation center, TsKTV Molot OOO, a cable television provider, Molot-Industriya OOO engaged in real estate maintenance and services and Molot-Oruzhie OOO, engaged in the weapon production.
As of December 31, 2011, the Company’s major shareholder was Concern Izhmash OAO with a stake of 50%. On April 10, 2013, the Arbitration Court of Kemerovo region declared bankruptcy of the Company.
Business Summary Kontsern Izhmash OAO (Concern Izhmash OJSC) is a Russia-based holding company involved in the firearm production for defense and civil applications. The Company’s product portfolio includes shotguns, self-loading and hand operated rifles, sport rifles, air rifles and mock-ups, different types of knives, as well as spare parts for hunting weapons, ammunition, choke tubes, magazines for shotguns and rifles, and mounts, among others. Kontsern Izhmash OAO operates through 13 subsidiaries and numerous affiliated companies. As of June 29, 2012, the Company’s major shareholder was Izhevskiy mashzavod OAO with a stake of 69.81%. On September 10, 2012, the Arbitration Court of the Republic of Udmurtia decided to declare bankruptcy of the Company.
Concern Izhmash OAO is a holding company, here is it’s business summary again please note the highlighted portion
http://www.crmz.com/Report/ReportPrevie ... Id=8631154
Business Summary
Kontsern Izhmash OAO (Concern Izhmash OJSC) is a Russia-based holding company involved in the firearm production for defense and civil applications. The Company’s product portfolio includes shotguns, self-loading and hand operated rifles, sport rifles, air rifles and mock-ups, different types of knives, as well as spare parts for hunting weapons, ammunition, choke tubes, magazines for shotguns and rifles, and mounts, among others. Kontsern Izhmash OAO operates through 13 subsidiaries and numerous affiliated companies.
As of June 29, 2012, the Company’s major shareholder was Izhevskiy mashzavod OAO with a stake of 69.81%. On September 10, 2012, the Arbitration Court of the Republic of Udmurtia decided to declare bankruptcy of the Company.
Izhevskiy mashzavod OAO is a Russian company and here is its business summary
http://www.reuters.com/finance/stocks/c ... =IGMAI.RTS
Izhevskiy mashzavod OAO (Izhevskiy mashinostroitel'nyi zavod OAO or Izhevskiy mashzavod OJSC) is a Russia-based company active in the production of motor vehicles, weapons, metallurgical products and machines. It is also engaged in the rental of machinery and industrial equipment, as well as in the rental of non-residential buildings. The Company's products include automobiles, motorcycles, military firearms, sporting rifles, hunting guns, aircraft automatic guns, guided artillery gunning complexes, test vehicles for maintenance and a repair workshop for tank armaments. It also offers weapon locks, ignition locks, gas meters and knives, as well as lathes and metallurgical plant products, such as die forgings and iron castings. Izhevskiy mashzavod operates through numerous subsidiaries and affiliated companies, located domestically.
As of December 31, 2011, the Company’s major shareholder was GK Rostekhnologii with a stake of 57.01%
And finally GK Rostekhnologii, more commonly know as Rostec here is there summary
http://en.wikipedia.org/wiki/Rostec
Rostec (Russian: Ростех - Rostekh), formerly Rostekhnologii (Russian: Ростехнологии) is a Russian state corporation (a non-profit entity type) established in late 2007 to promote development, production and export of hi-tech industrial products for civil and defense sectors. It brings together 663 entities which form 13 holding companies.[1] Eight holding companies operate in the defense-industry complex and five three of them are involved in civil sectors.[2] Rostec’s organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide.[3]
Rostekhnologii was founded in 2007 as so called "state corporation", a very special type of legal entity in Russia. The state corporation is established by equity contribution made by the Russian Federation. The organization is headed by Sergey Chemezov.[4] Its headquarters are located in Moscow.
So it is hard to argue that controlling intrest in Molot is not in the hands of the Russian Government.
