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Rostekh (Russia)

Ростех

Last modified: 2017-08-25 by zoltán horváth
Keywords: russia | rostekh |
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image by Randy Young, 30 January 2016


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Overview

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


The Flag

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