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The plant "Bolshevik" is prepared for sale. Starting price is 1.39 billion UAH

Kyiv Machine-Building Plant “Bolshevik”. Photo: State Property Fund

Kyiv Machine-Building Plant “Bolshevik”. Photo: State Property Fund

Kyiv Machine-Building Plant "Bolshevik" is prepared for an auction with a starting price of 1.39 billion UAH.

This was announced by the Chairman of the State Property Fund Dmytro Sennychenko.

"... the production facilities of the plant were destroyed, up to 80% of property and PPE are in critical condition. Of the 20 workshops, only three are in use! Imagine, the "Bolshevik’s" youngest machine tool is 38 years old! ", Sennychenko described the situation.

The privatization conditions approved by the auction commission provide for: redemption of accounts payable and debts on payment of wages to employees and to the budget; investments in the repair and modernization of the plant’s industrial site in Zhashkiv in the amount of more than 57 million UAH.

According to the Chairman of the State Property Fund, privatization will not only save the workers' jobs, but also modernize production at the plant in Zhashkiv.

At the moment, the company has accumulated more than 500 million UAH of debt, including the payment of wages. This means that part of the collective works without crediting the service and cannot retire.

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