OREANDA-NEWS. On July 31, 2007 in the leadership of the Corporative Governance company “Concern Tractor Plants” personnel replacements took place. New General director of the Company became majority shareholder of the enterprises that are included into the Concern “Tractor plants” became Mikhail Bolotin, which also reserved the post of the President of the Company, reported the press-centre of KTZ.

The changes are connected with continuous process of restructuring of the Concern before the planned process of IPO in 2008.

Symeon Mlodik remaining one of the shareholders of Concern “Tractor plants” will execute his own projects.

Concern “Tractor plants” has been established on May, 23 2003 as non-commercial partnership the main aim of which i raise of competitive ability of its members on the internal and external markets due to absence of mutual competition.

Today the Concern consolidates more than 10 largest machine-building factories of a various structure such as “Promtractor” JSC, “Vladimir motor-tractor plant” JSC, “Lipetsk tractor” JSC, “Onezhsky tractor plant” JSC, “Cheboksary aggregate plant” and others and 2 research institutes: "NIKTID" JSC- Research and development design-engineering institute of tractor and combine engines (Vladimir) and "NATI" JSC - Research and development tractor institute (Moscow).

The equipment produced at the enterprises of the Concern "Tractor plants" is represented today in Russia, the CIS countries and in the markets of more then 23 countries among which are Canada, India, Iraq, Egypt, Madagascar, countries of Balkan Peninsula, Eastern Europe and Latin America.