UralATI

PJSC UralATI is an enterprise producing braking, friction and sealing materials.

History

2024: The state handed over to NAMI "Ural Plant of Auto-Textile Products"

The state transferred to the Federal State Unitary Enterprise NAMI control over PJSC Ural Auto-Textile Products Plant (UralATI), located in the Sverdlovsk Region. The corresponding decree was signed by the President of Russia on August 22, 2024. As part of this order, NAMI also received shares of the Friction and Heat-Resistant Materials Plant JSC (Fritex), located in Yaroslavl.

According to Interfax, as a result of the transfer, NAMI received 2 million 155 thousand 785 shares of UralATI, which is 96.7% of the authorized capital of the enterprise. In relation to Yaroslavl Fritex, 63 thousand 880 shares became the property of NAMI, which corresponds to 99.6% of the authorized capital. The share transfer process must be completed within six months.

source = UralATI

The decision to transfer these assets to state revenue was made in December 2023 by the Volga City Court. The Russian Prosecutor General's Office filed a lawsuit demanding the seizure of assets from owners who, according to the court, were associated with extremist activities. During the trial, it was established that the shares belonged to Ukrainian entrepreneurs Konstantin Efimenko and Elizaveta Andreeva, who were recognized as members of the extremist association.

UralATI is one of the leading enterprises in Russia specializing in the production of friction products, heat insulation and heat resistant materials. The plant's products are in demand in various industries, including railway engineering, automotive, metallurgy, chemistry and power. The plant also owns stakes in several subsidiaries located in various regions of Russia.

Subordinate To the Ministry of Industry and Trade FSUE NAMI is actively consolidating the assets of the automotive industry in Russia. After a number of foreign manufacturers left the country, NAMI became a key player in the creation and development of domestic automotive projects, including the production of a luxury car. Aurus^[1]

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