Goznak joint-stock company Rus | Eng Products We work for Checkout Innovation Procurement About Goznak the main About Goznak Press Center Press about goznak About Goznak Company today Historical Pages Frequently asked Questions Press Center Press releases news Press about Goznak Intracorporate section Creative contests Contacts Ordering forms of documents on education and qualifications Control identification marks (C&I) Press about Goznak Goznak - printing money [28.08.2015 14:26:00] For 197 years from the date of foundation by order of Alexander 1, this Russian enterprise witnessed the arrival and departure of half a dozen tsars, survived the Soviet Union and 2 world wars, but even after that, the decision of the Russian government to transform it into a joint stock company with the right to expand its assets both internally home and abroad is probably the most fateful in the company's glorious history. Since its first paper mill began issuing banknotes in 1818, Goznak has continued to be a reliable partner to successive Moscow regimes, regardless of their political goals. Today Goznak mints five billion coins and prints seven million banknotes, and also produces 40 million passports. In this regard, President Putin's decision to allow the company to unfold its wings makes good commercial sense, and although the state will remain the owner, this move, according to current director Arkady Trachuk, means a lot for the company, both psychologically and practically. “These changes are very significant because, first, we can grow not only on our own, but also through mergers and acquisitions,” he says. “Secondly, the board of directors will now also include people who represent the owners and have a real interest in the development of the company, who will also have their own opinion and contribute their ideas. These two changes will happen very quickly (by the end of the year) and we think they will have a big impact on our strategy. ” This is definitely the very idea that became one of the reasons for the reorganization announced by the Russian government in 2014: “We lacked the ability to make quick decisions, including negotiating large transactions and obtaining loans and bank guarantees necessary to modernize technical equipment and carry out scientific research. research tasks ”. The ability to meet the requirements of its customers both proactively and promptly is something that Mr. Trachuk intends to grasp with both hands. “The key message we want to convey to potential customers is that we can solve their problems,” he says. “I think you could call it a“ values approach ”. In the eyes of Mr. Trachuk, this newfound flexibility and the ability to grow both through acquisitions and on its own are two sides of the same coin. “A couple of years ago, we wanted to offer one of our customers a solution for counting and sorting machines,” he recalls. “These machines were produced by one of our strategic partners in Yekaterinburg, but due to differences in our legal structures and forms of ownership, we were unable to fully utilize this alliance to meet the client's requirements.” “If we could acquire part of that company, we would have the opportunity to improve the products and services offered to the client. There are about ten such growth points that we would like to work on. " Dominating the domestic market, Goznak also has an international practice. Despite the fact that the single European currency limited the company's capabilities within the Eurozone, Goznak has been producing coins and banknotes for the countries of Latin America, Southeast Asia and Africa, the Middle East for many years, excluding most of the former Soviet republics; and in the new status of a joint stock company, further international expansion is highly probable. “Our competitive advantage is clear,” says Mr. Trachuk. “We can make, do and offer new technology solutions to customers around the world. We are absolutely reliable in terms of quality and performance, and we are also competitive in terms of pricing. ” Not to mention two centuries of accumulated experience and knowledge. Source: Fortune # 100, 2015 To the press list © 2004-2016 GOZNAK JSC. Official site.