Tuesday, August 13, 2013

Russian Gunmaker Izhmash Renamed Kalashnikov

Russia's Izhmash arms factory, manufacturer of the legendary Kalashnikov assault rifle, has been renamed the Kalashnikov Concern and will soon integrate several other defense plants into the new holding, the enterprise said Tuesday. “Based on the decision by Rostech state corporation [the controlling shareholder in Izhmash], Izhmash has been renamed the Kalashnikov Concern. A relevant entry was made in the single state registry of corporate entities,” the enterprise said in a statement. The renaming of Izhmash into Kalashnikov Concern is another step towards creating a vertically integrated small arms holding company, a move championed by Deputy Prime Minister Dmitry Rogozin, who oversees Russia’s arms industry.

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