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Oh oh... Kalashnikov going Bankrupt!!! Moderators: Jump to page : 1 Now viewing page 1 [25 messages per page]
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Ric

Posted 2009-09-22 7:05 AM (#31079)

Plankowner

Posts: 9165

Location: Upper lefthand corner of the map.

Subject: Oh oh... Kalashnikov going Bankrupt!!!

The Court of Arbitration of the Republic of Udmurtia registered a petition in bankruptcy of JSC Izhmash (Izhevsk Mechanical Works), the largest firearms maker in Russia, Interfax reports. The court hearings to investigate the causes of the petition will be held on October 7, 2009.

Izhmash ships firearms to 15 countries of the world. Based in Izhevsk and founded in 1807 at the decree of Tsar Alexander I, and is now one of the largest corporations in its field. It makes the famous Kalashnikov series of assault rifle, along with a host of other Russian arms, including medium cannons, missiles, and guided shells. Izhmash also produces other goods, such as motorcycles and cars.

Read more: Read Full Story HERE

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