Corporatization procedure is already underway in two companies of Ukroboronprom: 2nd Repair Plant of Communication Devices and Kherson Factory of Ship Equipment and Ship Fittings.
State Concern Ukroboronprom, which unites Ukraine`s main defense enterprises, and the Ministry of Economic Development and Trade agreed on a possibility of corporatization of five companies belonging to the group.
According to the press service of the group, the order of the Ministry says that Ukroboronprom shall perform corporatization of state enterprise Antonov, Plant 410 of Civil Aviation, Chuhuiv Aircraft Repair Plant, State Enterprise of General Aviation, and Production Association Karpaty.
Also the Concern added that corporatization process is already underway in two companies of Ukroboronprom: 2nd Repair Plant of Communication Devices and Kherson Factory of Ship Equipment and Ship Fittings.
”Corporatization of Concern`s companies will allow for setting up transparent management structures, supervisory boards, to establish uniform rules including those for international investors,” says the statement.
As UNIAN reported earlier, previously Ukroboronprom CEO Roman Romanov pointed out that only half of the companies of Ukroboronprom reported profits for the first nine months of this year. According to him, the company intends to eliminate six loss-making enterprises. Moreover, Romanov said that underfunding of public concern Ukroboronprom on the state defense order for 2016 will amount to nearly UAH 1 billion, which will lead to a reduction in production and possible layoffs.