On the development of "capitalist mechanisms" in the Altai Krai agro-industry during the 1990s-2000s exemplified by the Altai Tractor OJSC

The article examines the efficacy of the model of reforming the Altai Krai city-forming enterprises specializing in the production of agricultural machinery in the 1990s-2010s. The research aims at the peculiarities of market mechanisms development in the Altai Krai industrial sector exemplified by the transformation of the Altai Tractor industrial association into the Alttrak limited liability company. Having analyzed the data of the archive documents, regional statistics materials, the central and local periodicals, the author characterizes different aspects of the history of reforming the Altai Krai agricultural engineering enterprises exemplified by the Rubtsovsk Tractor Plant during the 1990s-2010s. In the course of the study, the author arrives at a conclusion that the development of the market mechanisms in the Altai Krai industrial sector was accompanied by the overall decrease in the production rate. Delivering the services of heating Rubtsovsk dwellings and facilities was one of the main tasks of the plant. After its privatization, the Alt-trak OJSC maintained productive capacity, allowing it to gain profit during the period from 1992 to 1996. The consequences of the default of 1998 had a negative impact on the financial and operating activities of the company. Implementing some guidelines of the Altai Krai industrial policy on the production of tractors and agricultural equipment in the first half of the 2010s was not resourced on the regional level. The growth of the prices for components increased the prime cost of the tractor plant main products, and low profitability in 2004 lead to a decrease in machinery production and firing of manufacturing personnel. The special status of the city-forming enterprise hindered the attracting of investors. Preserving the unity of the Alttrak OJSC was one of the priorities of the company management and the local government bodies. After the decision of the Rubtsovsk administration to sell the controlling stock to the Novosibirsk company RATM, the anti-crisis management was introduced in the Alttrak OJSC, which resulted in further deterioration in financial performance and malfunction of the Alttrak TPS in January 2005. Selling the controlling stock of the Alttrak OJSC to the RATM holding company contributed to the so-called "optimization" of the production through the tractor plant bankruptcy proceedings and the creation of the main production assets of the Alttrak LLC on its basis. The receivership of the tractor plant during the second part of the 2010s resulted in mass layoffs, salary arrears, debts to electricity providers and creditors.

Keywords

Authors

References