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Kurganmashzavod faces uncertain future as state orders stall

13 December 2019
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The Russian manufacturer of the BMP-3 infantry fighting vehicle, Kurganmashzavod (KMZ), faces an uncertain future owing to a slowdown in state orders and because of increasing obsolescence within its manufacturing plants. This was revealed in a December 2019 interview between the company's Executive Director Peter Tyukov and Russia's Centre for Analysis of Strategies and Technologies (CAST).

Tyukov explains that KMZ shares were purchased in February 2019 by High Precision Systems, which is part of the state-owned Rostec Corporation. Because of this, he states, the plant has been stabilised, it has repaid some of its debts, brought an end to bankruptcy proceedings, and ended the 2018 financial year in a positive state for the first time since 2014.

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