Rostec Saves Klimovsk Ammunition Plant from Bankruptcy and Modernizes Production

The Rostec State Corporation has prevented the bankruptcy of the Klimovsk Specialized Ammunition Plant (KSPZ) and stabilized its operation. The enterprise was transferred under the corporation's management last year in a critical state: the plant was cut off from supplies, burdened with large debts, and risked ceasing to exist by the end of the summer of 2024.

The new management has fully repaid tax debts and achieved the lifting of arrests from accounts. Special conditions have been achieved for restructuring debts to energy companies. Supplies of gunpowder, brass, and lead have been restored, major repairs of infrastructure have been carried out, and technical re-equipment of production has begun.

Alexander Nazarov, Deputy General Director of Rostec, emphasized that the corporation's actions not only saved the plant but also restored a critically important technological chain for the country's defense industry. Measures to financially rehabilitate the enterprise and increase its operational efficiency are ongoing.

Warehouse stocks have been optimized at the plant, the property complex has been repaired, and an effective supply system has been established. An investment program is being formed to modernize production, which will reduce the cost of production and increase its competitiveness compared to imported analogues.

KSPZ was established in the late 1930s on the basis of the Novopodolsk Ammunition Plant (later the Klimovsk Stamping Plant). In 2008, the enterprise was named after the former General Secretary of the CPSU Central Committee, Yuri Andropov. The plant produces a wide range of strategically important products: automatic and pistol cartridges of 7.62 and 9 mm caliber, cartridges for underwater weapons, construction, sports, hunting, and pneumatic bullets. But for many years it was in private hands.

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