The financial and industrial group IVK has acquired a controlling stake in the Zelenograd, Russia Kvant enterprise which has now been transformed into a joint-stock company. Kvant is a factory with two perronal computer assembly lines with a potential capacity of 1m boxes a year, says IVK. The production lines were bought from Daefuku of Japan in 1992 with annual capacities of 700,000 and 200,000. Kvant is currently used for assembly by IBM Corp and IVK. In a rather complicated process, IVK won the right to purchase 20% of the statutory capital of the state-owned plant in April. The Kvant board then approved a 33% increase in the enterprise’s authorised capital, which was all purchased by IVK. The company says it plans to invest around $10m in the plant this year. IVK has been producing around 2,000 80386 and 80486 personal computers a month at Kvant but in the second half of June, it embarked upon a major expansion that involved the assembly of notebook computers.
Content from our partners
