'Red October' is buying 'Smederevo Steelwork' - daughter company of the Russian 'Uralvagonzavod' the most perspective candidate for acquisition of the Serbian steelwork

"Red October" ("Krasnij Oktjabr"), one of Russia's largest steel producer, is the most likely buyer of the Smederevo steel plant, reports 'Danas'.
The factory "Red October" is part of the corporation "Uralvagonzavod", which was earlier considered as one of the most serious candidates for takeover of Serbian steel plant. Director of the company met with Serbian President Tomislav Nikolic already in April, and on this occasion expressed his interest in the Serbian steel plant. According to "Danas," "Red October" is not the only investor interested, but at this point closest to the deal.
Company "Volgogradska steelworks Red October" is one of the largest steel manufacturers in the automotive and aircraft industries, as well as for chemical, energy and oil facilities in Russia. Founded 116 years ago, this giant now holds 30% of the Russian market of steel and has exported to 30 countries 900 types and brands of steel.
Since the U.S. "U.S. Steel" returned Smederevo steelworks to Serbia at the symbolic price of one dollar, the company is continuously losing money. As recently confirmed by the Prime Minister Aleksandar Vucic, the company is providing the state with the annual real loss of as much as 102 million euros.
- "Steel plant" doesn't exist, it just makes debt. We are praying to pay someone, if necessary even annual and biennial loss, just to take over the plant finally so that we don't have loss anymore in the future - Vucic said during a recent meeting with businessmen. He then noted that the government is negotiating with "five serious company" on the takeover of the factory.
The country is subsidized the plant through the budget and the Development Fund, primarily to preserve 5,000 jobs in the company. Professor of Economics, at University of Belgrade, Milojko Arsic recently estimated that "Steelworks" costs every citizen of Serbia 20 euros per year.
As one of the life-saving solutions for this plant, was the proposal of cooperation with "Fiat", which would be buying off from "Steelworks" steel sheets for automobile manufacturing. The obstacle was the fact that the factory doesn't produce steel needed in auto industry, which would mean it should have previously invested in line for galvanizing steel. However, at the time the present Finance Minister Mladjan Dinkic claimed that "Fiat" was interested in buying steel for as many as 500,000 cars a year. Until today, this work has not gone further from the idea.

Železara Smederevo d.o.o.

Uralvagonzavod Nizhny Tagil

Crveni Oktobar Rusija

Predsedništvo Republike Srbije

Vlada Republike Srbije

Ekonomski fakultet Beograd

FCA Srbija Kragujevac

Crveni oktobar

Krasnij oktjabr

čelik

smederevska železara

Uralvagonzavod

čeličana

Tomislav Nikolić

Volgogradska čeličana Crveni oktobar

Ju Es stil

US steel

Aleksandar Vučić

Milojko Arsić

Fiat

Fijat

Mlađan Dinkić

železara u Smederevu

čeličana u Smederevu