Friday, May 31, 2013

Russia to Finalize Kalashnikov Merger in September

The Kalashnikov Corporation, which will absorb major Russian small-arms makers, must be registered by September 19 when the country celebrates the Day of Arms Makers, Deputy Prime Minister Dmitry Rogozin said. Rogozin, who oversees the Russian defense industry, proposed a merger between Izhmash and Izhmekh, which are both located in the city of Izhevsk, in November last year. He later suggested that some other small-arms manufacturers should join the corporation under the famed Kalashnikov brand. “We must set foot on a finishing line…and have the corporation registered as a legal entity by the time we celebrate the Day of Arms Makers in September,” Rogozin said on Thursday at a meeting on setting up the Kalashnikov Corp.

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