MOSCOW. Nov 30 (Interfax-AVN) - The helicopter holding company being incorporated by the Oboronprom united industrial corporation will retain both Mil and Kamov design schools.
"The new holding company, which we are going to name Helicopters of Russia, will develop helicopters of both Mil and Kamov designs. Kamov helicopters enjoy an own niche in the market and we are not going to lose it. It is difficult to say now what projects exactly the Mil and Kamov designers will continue to develop. We would have to scrutinize all the projects. The only thing of which I am dead sure now is that both schools will be retained," Oboronprom Director General Denis Manturov told Interfax-Military News Agency on Wednesday.
According to him, a managing company will run the holding company. "We have started to form it. As soon as the holding company is incorporated, the managing company will take over the control," he said.
Manturov maintained that the directorship of helicopter building programs will eventually transform into a managing company of the new holding company.
He pointed out as well that the elements of the holding company would not be under tight control of directors from Moscow. "We have adopted a concept that every production plant will promote commercial products in the market on its own, but will coordinate the general marketing strategy with the directorship of helicopter building programs of Oboronprom," he said.
Oboronprom is a multi-profile industrial and investment group. It is the managing company of the helicopter building holding company being developed following the decree of the Russian president dated November 29, 2004 and governmental resolution dated May 6, 2005. The holding company under development brings together the Mil helicopter plant, the Ulan-Ude aircraft plant, the Kazan helicopter plant, the Stupino machine-building production enterprise, and the Vpered machine-building plant.
When an additional emission of shares is placed, the Federal Property Management Agency will hold 51 percent of shares in Oboronprom's registered capital, Rosoboronexport 31.12 percent, Russia's internal republic of Tatarstan 15.07 percent, and Rostvertol 2.79 percent.
Oboronprom also controls over 75 percent of shares in the Oboronitelnye Sistemy JSO and owns 100 percent of shares in the Oboronpromlizing JSC.