Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry
The collapse of the USSR led not only to the formation of 15 independent republics, the emergence of the CIS, but also to the rupture of those complex long-term stable cooperative ties between the countries that have been formed and developed for more than half a century. The manufacturing industry,...
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| Format: | Article |
| Language: | English |
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Peoples’ Friendship University of Russia (RUDN University)
2023-12-01
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| Series: | RUDN Journal of Economics |
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| Online Access: | https://journals.rudn.ru/economics/article/viewFile/34242/21946 |
| _version_ | 1797851711438585856 |
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| author | Mikhail M. Kulumbegov |
| author_facet | Mikhail M. Kulumbegov |
| author_sort | Mikhail M. Kulumbegov |
| collection | DOAJ |
| description | The collapse of the USSR led not only to the formation of 15 independent republics, the emergence of the CIS, but also to the rupture of those complex long-term stable cooperative ties between the countries that have been formed and developed for more than half a century. The manufacturing industry, as in many countries, accounts for a large share in the structure of the Russian gross domestic product: according to Rosstat, in 2020, the weight of manufacturing industries in the output structure was 26 %. One of the most significant types of production is the production of equipment for the dairy industry. In this regard, the authors raised the question of the level of development of this industry in Russia and its indicators. Currently, the Russian dairy industry is one of the industries with a high share of imported equipment, which is about 70 %. The purpose of the study is to identify and prove that, despite the high degree of dependence on imports, this category of products is also produced by domestic enterprises, which, respectively, account for about 30 %. Basically, Russian manufacturers of equipment for the dairy industry satisfy the demand of small and medium-sized businesses, while the demands of large businesses are replenished by imports. The authors analyzed the financial condition and efficiency of dairy machinery enterprises using the example of the following companies: Ice water generators, “SOMZ”, TD “Russian Armor”, MNPP “Initiative”, “PROTEMOL”, “Vologda machines”, “Dairy machinery Plant”, “Dagprodmash”, “BLS Engineering”, The plant of capacitive and food equipment “Grand”, “KFTEHNO”, “AGROS”, “Plant Aggregate”, “Selmash Dairy Machines”, “Color”, “KULTEK”, “Lenprodmash”, “Russian meal”, “Kolaks”, ICP “TECHNOCOM”, JSC “Plant Molmash”, “KR-Tech”, “NPO GIGAMASH”, Elf 4M “Trading House”, “VKP Signal-pak”, “PLANT TECHTANK”, “SLAVUTICH”, “NMZ”. Based on the data for 2016-2020, the future financial indicators of the companies in question for 2021-2022 were predicted. The short-term nature of the forecast compiled by the authors is related to the fact that budgets for the next year are formed at the end of the calendar year, and the analysis did not take into account the current conditions of Russian-Ukrainian relations. |
| first_indexed | 2024-04-09T19:22:15Z |
| format | Article |
| id | doaj.art-544f7242857e46bcb9f33a7e977b1649 |
| institution | Directory Open Access Journal |
| issn | 2313-2329 2408-8986 |
| language | English |
| last_indexed | 2024-04-09T19:22:15Z |
| publishDate | 2023-12-01 |
| publisher | Peoples’ Friendship University of Russia (RUDN University) |
| record_format | Article |
| series | RUDN Journal of Economics |
| spelling | doaj.art-544f7242857e46bcb9f33a7e977b16492023-04-05T08:42:50ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862023-12-01311495810.22363/2313-2329-2023-31-1-49-5820987Economic analysis of the performance of Russian manufacturers of equipment for the dairy industryMikhail M. Kulumbegov0https://orcid.org/0000-0002-5425-7050RUDN UniversityThe collapse of the USSR led not only to the formation of 15 independent republics, the emergence of the CIS, but also to the rupture of those complex long-term stable cooperative ties between the countries that have been formed and developed for more than half a century. The manufacturing industry, as in many countries, accounts for a large share in the structure of the Russian gross domestic product: according to Rosstat, in 2020, the weight of manufacturing industries in the output structure was 26 %. One of the most significant types of production is the production of equipment for the dairy industry. In this regard, the authors raised the question of the level of development of this industry in Russia and its indicators. Currently, the Russian dairy industry is one of the industries with a high share of imported equipment, which is about 70 %. The purpose of the study is to identify and prove that, despite the high degree of dependence on imports, this category of products is also produced by domestic enterprises, which, respectively, account for about 30 %. Basically, Russian manufacturers of equipment for the dairy industry satisfy the demand of small and medium-sized businesses, while the demands of large businesses are replenished by imports. The authors analyzed the financial condition and efficiency of dairy machinery enterprises using the example of the following companies: Ice water generators, “SOMZ”, TD “Russian Armor”, MNPP “Initiative”, “PROTEMOL”, “Vologda machines”, “Dairy machinery Plant”, “Dagprodmash”, “BLS Engineering”, The plant of capacitive and food equipment “Grand”, “KFTEHNO”, “AGROS”, “Plant Aggregate”, “Selmash Dairy Machines”, “Color”, “KULTEK”, “Lenprodmash”, “Russian meal”, “Kolaks”, ICP “TECHNOCOM”, JSC “Plant Molmash”, “KR-Tech”, “NPO GIGAMASH”, Elf 4M “Trading House”, “VKP Signal-pak”, “PLANT TECHTANK”, “SLAVUTICH”, “NMZ”. Based on the data for 2016-2020, the future financial indicators of the companies in question for 2021-2022 were predicted. The short-term nature of the forecast compiled by the authors is related to the fact that budgets for the next year are formed at the end of the calendar year, and the analysis did not take into account the current conditions of Russian-Ukrainian relations.https://journals.rudn.ru/economics/article/viewFile/34242/21946dairy industrydairy engineeringrussian producersfinancial analysisbalance sheetgovernment regulationfood security |
| spellingShingle | Mikhail M. Kulumbegov Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry RUDN Journal of Economics dairy industry dairy engineering russian producers financial analysis balance sheet government regulation food security |
| title | Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry |
| title_full | Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry |
| title_fullStr | Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry |
| title_full_unstemmed | Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry |
| title_short | Economic analysis of the performance of Russian manufacturers of equipment for the dairy industry |
| title_sort | economic analysis of the performance of russian manufacturers of equipment for the dairy industry |
| topic | dairy industry dairy engineering russian producers financial analysis balance sheet government regulation food security |
| url | https://journals.rudn.ru/economics/article/viewFile/34242/21946 |
| work_keys_str_mv | AT mikhailmkulumbegov economicanalysisoftheperformanceofrussianmanufacturersofequipmentforthedairyindustry |