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image by Randy Young, 30 January 2016
Rostec (Russian: Ростех - Rostekh), formerly Rostekhnologii (Russian:
Ростехнологии) is a Russian state corporation (a non-profit entity type) of 14
holding companies, established on November 23, 2007, through the merger and
association of several existing companies, to promote development, production
and export of hi-tech industrial products for civil and defense sectors. Its
current Full name in the Russian is: Государственная корпорация по содействию
разработке, производству и экспорту высокотехнологичной промышленной продукции «Ростехнологии».
Short name in the Russian is Госкорпорация Ростех.
Full name in English is State Corporation for Assistance to Development,
Production and Export of Advanced Technology Industrial Product «Russian
Technologies» (Rostec). Short name in English is State Corporation Rostec.
According to the Federal Law on State Corporation "Rostechnologii", the main
goal of the corporation is to “promote development, manufacture and export of
hi-tech industrial products by providing support to Russian-based organizations
on the domestic and foreign markets, in particular, to developers and
manufacturers of hi-tech products and any organizations where Rostechnologii may
influence the decision-making process due to its controlling interest in their
equity capital or under any agreements concluded with them, as well as raising
investment in organizations operating in different industrial sectors, including
the defence-industry complex. A new corporate identity was announced December
21, 2012: the corporation changed its name, logo and slogan.
Rostechnologii was renamed Rostec. A new logo features an open square
symbolizing a window to the world and a focus frame. It reflects philosophy of
the corporate slogan “Partner in Development”
The 14 holding companies, which in turn own the companies are:
- United Industrial Defence Corporation OboronProm
- Russian Electronics
- PROMINVEST
- RT-Chemical and Composite Technologies and Materials
- RT-Biotechprom
- RT-Stankoinstrument
- Machine Engineering Technologies
- Radioelectronic Technologies
- Aviation Equipment Holding
- Vysokotochnye Kompleksy
- RT-Auto
- Shvabe
- IzhMash
Source:
http://rostec.ru/en/about/structure
As of today, Rostec includes 700 organizations, distributed in
14 holding companies (source:
http://rostec.ru/en/about/holdings
) such as Kalashnikov Concern (formerly Izhmash and Izhevsk, original
manufacturer of the AK-47 and all its variants,
official website), Russian
Helicopters (which owns OboronProm, which in turn manufactures helicopters such
as Mil, Kamov and Kazan, official website
), the Tula Arms Plant (manufacturer of small arms, most importantly Mosin–Nagant,
SVT-40, SKS rifles and Tokarev pistols,
official website), KRET (Concern Radio Electronic Technologies), etc.;
directly controlled companies (source:
http://rostec.ru/en/about/direct-control-companies ) such as
Rosoboronexport (the only official import/export agency of Russia for military
equipment, official website), VSMPO-AVISMA (world's
largest titanium producer, official website)
, Avtovaz (car manufacturer of the brand Lada,
official website) , Kamaz (truck
manufacturer, official website), etc. ; and
infrastructure subsidiaries (source:
http://rostec.ru/en/about/companies ) such as RT-Okhrana (interagency
security, official website), RT-Construction
technologies (for management of real estate assets,
official website), etc. Core business
areas cover the following sectors:
- Automotive industry
- Aircraft industry
- Engine Building
- Metallurgy
- Construction
- Optics
- Composite and other sophisticated construction materials
- Medical Equipment
- Pharmaceutics
- Industrial biotechnologies
- Electronics
- Instrumentation
- Information technology and Telecommunications
- Machine Building and Equipment Production for Industrial Upgrading
- Weapons and Military Equipment Production.
Source:
https://en.wikipedia.org/wiki/Rostec
For additional information go to: Rostec (official
website)
Esteban Rivera, 29 January 2016
Its flag is a white horizontal background with the
logo and its motto below, "Partner in development" in Cyrillic, as seen
here (flag
on the right)
Source:
http://www.themoscowtimes.com/business/article/sanctions-hit-profits-at-russian-defense-and-technology-giant-rostec/526021.html
Esteban Rivera, 29 January 2016
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