Concept

Krasny Oktyabr (steel plant)

Résumé
Volgogradskiy Metallurgicheskiy Zavod Krasny Oktyabr (Zakrytoye aktsionernoye obshchestvo "Volgogradskiy metallurgicheskiy zavod "Krasny Oktyabr") is a Russian closed joint-stock company which maintains the Krasny Oktyabr factory, one of the largest Russian metallurgy facilities. History The company's factory was established on April 30, 1897, by the French Ural-Volga Metallurgical Society («Урало-Волжское металлургическое общество»). After the Bolshevik Revolution the factory became known as Krasny Oktyabr, Russian: "Red October" (named for the October 1917 Revolution) To the west, it was widely known as the Red October Factory. The factory provided steel for the Stalingrad Tractor Factory. It was completely destroyed in the Battle of Stalingrad, but was restored by 1946. During the Soviet era it was awarded the Order of Lenin and the Order of the Red Banner of Labour. 1999 Bankruptcy In 1999, Krasny Oktyabr entered bankruptcy hearings.
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