The Conglomerate Is Alive And Well In RussiaPeter Galuszka
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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