BREAKING: Russian "Molot" is Bankrupt and will be Sold
The assets of Molot include 91 buildings, 12,890 pieces of equipment and machinery, 13 patents, 16 registered brands etc.
The initial bankruptcy process started as a result of a lawsuit initiated by the metal supplier of Molot in 2012. Also, the lack of sufficient amount of government contracts, the decrease of civilian market sales and problems with exporting eventually made the company bankrupt.
In case if the company ceases its operations, it will be disastrous for the town it is located in (Vyatskie Polyani). Molot has about 3500 employees and it is the main employer of the town.
Many thanks to Luke Williams for the tip!
Managing Editor Being a lifelong firearms enthusiast, Hrachya always enjoys studying the history and design of guns and ammunition. Should you need to contact him, feel free to shoot him a message at Hrachya@TheFirearmBlog.com
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If only I had $100 million to spare! Damn the luck.
A better explanation can be found at (https: // www. truthaboutguns. com/2017/03/foghorn/russian-firearms-maker-molot-bankrupt-company-will-auctioned/). Sorry about "Format", but was "Redacted" twice before for Posting Story...