In 2014 Russia’s largest drill nit manufacturer Volgaburmash started bankruptcy procedure. At that time the company’s obligations to banks alone amounted to approximately 3 billion Rubles. The total amount of the claims exceeded 7.8 billion Rubles. However, Marat Matevosyan, CEO of Volgaburmash, JSC is sure that today the company has got out of crisis and is perfectly ready to expand its presence both in the domestic and foreign markets.

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The original of this article was published in Kommersant Newspaper Supplement #201 on October 28, 2016.

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Volgaburmash and Uralburmash are Russia’s largest companies producing rock-cutting tools