Ural, Automobile Plant

JSC Automobile Plant Ural is a Russian manufacturer of freight. cars

Performance indicators

2023:45% increase in car production to 14.27 thousand units

In 2023, car production at the Ural plant reached 14.27 thousand units, which is 45.2% more than a year earlier (9825). Sales of cars assembled at the Chelyabinsk enterprise increased by 41.2%, to 14.03 thousand units. The company told about this in early February 2024.

According to Interfax, citing Ural materials, by the end of 2023 the plant achieved an assembly rate of 78 trucks per day against 50 units by the end of 2022.

source = UralAZ

It is noted that in 2023 the construction of a new assembly building began, designed for the production of up to 5,000 cars per year. More than 7 billion rubles were allocated for the implementation of investment projects related to the modernization of production and improvement. One of these projects is the improvement of the logistics center site for the convenience of traffic flows.

Summing up the results of 2023, the press service of the Urals "noted that at the plant, together with the South Ural State University and the Moscow State Technical University named after Bauman, a line of vehicles" Arctic Bus "was created; a project has been launched to create a new line of dispensing boxes; presented its own line of bridges for heavy equipment, created in the framework of cooperation with the Industrial Development Fund (FRP).

In addition, in 2023, work was carried out on the project "electric platform," on the basis of which various models of special equipment for the urban economy are being developed, in particular, an environmentally friendly garbage truck capable of moving both on an internal combustion engine and on electric traction.

By the end of 2023, Ural continued to implement an investment program of 20 billion rubles. The program is designed for 5 years. In 2024, the company plans to produce more than 19 thousand cars.^[1]

History

2024: Income tax shelter for 2.5 billion rubles

The Ural Automobile Plant hid income of ₽2,5 billion from taxation. This became known in August 2024. The Arbitration Court of the North-West District confirmed the legality of the decision of the appellate instance, according to which the automobile plant unreasonably underestimated the tax base for the amount of the subsidy received from the Ministry of Industry and Trade for the utilization fee.

According to RBC, in 2018, the Ural Automobile Plant, located in Miass (Chelyabinsk Region), recorded the cost of paying the utilization fee to reduce taxable profits, while the subsidy of ₽2,48 billion received as compensation was excluded from income taken into account when determining the tax base. Thus, the company achieved a "double tax benefit," which caused claims from the Federal Tax Service (FTS).

source = Ural Auto Plant

According to the Federal Tax Service, the automobile plant illegally excluded the subsidy from income, which allowed it to overestimate the amount of the loss of previous years, which could be used to reduce the tax base in the future. In December 2023, the court of first instance supported the interpretation of the automobile plant, based on the provisions of the sub-clauses. 21 Art. 251 of the Tax Code, which allows you to exclude from income the amount of accounts payable written off or reduced in accordance with Russian law.

However, in April 2024, the Court of Appeal decided in favor of the Federal Tax Service, arguing that the subsidy received by the automobile plant actually increased its working capital and should have been recognized as income for tax purposes. The cassation instance confirmed this decision, leaving without satisfaction the complaint of the automobile plant.

The subsidies that Russian manufacturers of automotive equipment receive to compensate for the paid utilization fee are intended to ensure environmental safety and protect domestic manufacturers. However, as lawyers explain, the tax regime of such subsidies should comply with the principle of mirroring: if the costs for the reimbursement of which the subsidy is sent reduce taxable profits, then the subsidy itself should increase it. In the case of the Ural automobile plant, this principle was violated.^[2]

2023: Ural bought EnSer

On December 14, 2023, Avtomobilny Zavod JSC Urals Chelyabinsk region Russia completed a deal to acquire a local supplier of electrical and thermal energy, EnSer JSC. The value of the asset is not disclosed at that date. More. here

2021: Receiving a grant in the amount of 92.69 million rubles from RFRIT

Russian Information Technology Development Fund (RFRIT) On January 12, 2021, he announced TAdviser the results of two competitive selection for grants: support for projects for the implementation of domestic IT solutions (PP RF No. 550) and support for development projects (domestic software PP RUSSIAN FEDERATION No. 1185).

For the implementation of the project "Integrated Solution" Digital URAL. " From western software to domestic software. " The Ural Automobile Plant received 92.69 million rubles (92,694,467,00). Read more here.

2019: Under the management of the "United Engineering Group"

Since April 4, 2019, the enterprise, according to the Kontur. Focus system, has been managed by United Machine-Building Group LLC (General Director Dmitry Strezhnev, 100% of the authorized capital is with the Cypriot Midstream Group Limited^[3]

2018: Negotiations on the sale of the Ural plant to the co-owner of Eurochem

In December 2018, it became known that GAZ Group was negotiating the sale of the Ural automobile plant (Miass, Chelyabinsk Region) to Dmitry Strezhnev, co-owner of Eurochem.

The company emphasizes that the transfer of assets is not related the American sanctions to the owner. Oleg Deripaska

According to the press service of the group, GAZ is going to focus on the "key areas" of business and sell assets that occupy "niche positions in the market." Representatives of the holding refused to disclose the amount of the transaction.^[4]

2011: As part of GAZ Group

According to information as of June 2011, OJSC Automobile Plant AZ URAL, formed in 2001 as a result of the restructuring of the UralAZ production complex, is one of the largest Russian enterprises for the production of trucks. The company is part of the GAZ Group and is the main asset in the structure of the Trucks division.

Among the customers, large oil and gas producing companies prevail (Gazprom OJSC, RAO UES, TNK-BP, Rosneft Oil Company, Surgutneftegas OJSC) and state customers - the Ministry of Defense of the Russian Federation, the Ministry of Internal Affairs of the Russian Federation, the Ministry of Emergency Situations of the Russian Federation.

OJSC Automobile Plant AZ URAL was one of the first manufacturers of truck vehicles in the CIS countries to bring the quality management system in line with the requirements of ISO 9001:2000 and ISO 9001:2008 standards. Currently, a set of works on the transition to a more stringent standard is being carried out - ISO/TU 16949.

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