Putin allowed ISTRATECH Group to buy the Russian Grundfos plant – Kommersant
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Russian President Vladimir Putin allowed ISTRATECH Group LLC to purchase the Russian plant Grundfos Istra from the Danish manufacturer of pumping equipment Grundfos, it follows from orderspublished on the official Internet portal of legal information.
The representative office of the Grundfos concern in Russia opened in 1992, and in 1998 the subsidiary company Grundfos LLC was founded. In 2005, the concern opened a plant in the city of Istra. The total area of the plant is 30 thousand square meters. m. The enterprise produced vertical, centrifugal, cantilever-monoblock pumps with frequency-controlled motors; drainage pumps; dosing stations; pressure boosting and fire extinguishing installations; control systems, reported on website companies.
In 2019, Kommersant-Science reported, that Grundfos plans to invest €35 million in the development of the Russian market in the next five years. Then the company said that first of all it plans to improve the Grundfos Istra plant. Its cost in 2019 was estimated at 19 billion rubles.
At the beginning of March 2022, Grundfos announced the suspension of business in Russia, and in August the closure of the Russian and Belarusian business. Then the concern announced that it was negotiating with local management about transferring Russian companies to them for management.
According to the Kartoteka.ru service, ISTRATECH Group LLC was registered on December 27, 2022 in the village of Leshkovo, Istrinsky district, Moscow region. The main activity is the production of pumps and compressors. Authorized capital – 100 thousand rubles. According to the service, the company’s co-owners are its CEO Anatoly Slobodinsky (60%) and Inna Marenkova (40%). Mr. Slobodinsky is also listed as the general director of Grundfos Istra LLC, a 100% subsidiary of the Danish company Grundfos Holding A/S.
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