The Conglomerate Is Alive And Well In Russia

When defense budgets started shrinking during the late 1980s, managers of Moscow's elite Khrunichev missile factory saw the writing on the wall: diversify or perish. Their first move was to import computers and stereos for resale to goods-starved Russian shoppers. That import business has since evolved into privately owned Microdin, a conglomerate that today controls an impressive 150 companies, including such biggies as jet engine maker Perm Motors and auto and truck producer Zil.

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