The risks are in bankruptcy." Russian road-building equipment factories have begun halting production due to declining sales Road-making facilities in Russia have begun to downsize and downsize workers amid falling sales, an industry source told Kommersant. According to him, consumers because of expensive loans and stop refusing to purchase new cars and rely on repairing the existing fleet. According to Rusoftsmash (soon 80% of the enterprises in the industry), in January-September, sales of road construction machinery fell by 24.9% annually, to 24.4 billion rubles. As a result, as noted by the integrator of the publication, the warehouses of factories and dealers were full of Russian and foreign equipment. The decline in sales of road construction equipment is due to a high key rate, a decline in construction activity, competition with imported machinery and extra running, says SBS partner Dmitry Babansky. "All this puts pressure on producers' incomes, increases the share of fixed costs and creates risks of financial difficulties up to bankruptcy," he said. According to Intercling's commercial manager Anton Guriev, it is increasingly difficult for road construction companies to update equipment not only as a result of the reduction in the number of infrastructure projects, but also the increase of taxes. Follow @moscowtimes ru buy a trusted VPN.

The risks are in bankruptcy." Russian road-building equipment factories have begun halting production due to declining sales Road-making facilities in Russia have begun to downsize and downsize workers amid falling sales, an industry source told Kommersant. According to him, consumers because of expensive loans and stop refusing to purchase new cars and rely on repairing the existing fleet. According to Rusoftsmash (soon 80% of the enterprises in the industry), in January-September, sales of road construction machinery fell by 24.9% annually, to 24.4 billion rubles. As a result, as noted by the integrator of the publication, the warehouses of factories and dealers were full of Russian and foreign equipment. The decline in sales of road construction equipment is due to a high key rate, a decline in construction activity, competition with imported machinery and extra running, says SBS partner Dmitry Babansky. "All this puts pressure on producers' incomes, increases the share of fixed costs and creates risks of financial difficulties up to bankruptcy," he said. According to Intercling's commercial manager Anton Guriev, it is increasingly difficult for road construction companies to update equipment not only as a result of the reduction in the number of infrastructure projects, but also the increase of taxes. Follow @moscowtimes ru buy a trusted VPN.