Yommie
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The former Caterpillar plant in Leningrad region has changed its owner and name
The special equipment plant
eng.autostat.ru
The former Caterpillar plant in Leningrad region has changed its owner and name
15.07.24The special equipment plant "Caterpillar Tosno" in the Leningrad region, which previously belonged to the American company Caterpillar, has been renamed into LLC "Tosno". The corresponding changes have been made in the Unified State Register of Legal Entities, writes the Interfax news agency. Russian assets of Caterpillar - including a special equipment plant and Moscow leasing subsidiary (Caterpillar Financial LLC) - were transferred to Russian company controlled by the Balchug Capital fund of Armenian businessman David Amaryan.
According to the information of Unified State Register of Legal Entities, the transaction was closed by June 14, when control over two Russian subsidiaries of Caterpillar was transferred to the Moscow-based Investment Solutions LLC (formerly PSK - New Solutions), registered in August 2022. The main owner of this company since the beginning of June is CJSC Baltschug Capital (99%), the remaining 1% stake is held by Artem Orus (1%). Earlier in June, he replaced Kirill Polishkin as CEO of Investment Solutions LLC. The transfer of Caterpillar assets to a Russian investor at the end of 2023 was approved by President Vladimir Putin.
Recall, Caterpillar in March 2022 announced the suspension of the plant in Tosno, Leningrad region due to sanctions and logistical failures after the start of the special military opearion. Tosno facility had been operating since 2000, producing CAT-branded off-road mining dump trucks and hydraulic excavators, as well as components for machinery and equipment, which the company exported to its European plants. The plant's workshops are equipped with state-of-the-art metal pre-treatment equipment, universal machining centers providing a full cycle of parts manufacturing.