Editing Kalashnikov Concern (section)

=== Contemporary Era ===
After the [[dissolution of the Soviet Union]], Izhmash struggled with a decline in demand and competition with overseas firearm manufacturers. As a result, Izhmash created the [[Saiga semi-automatic rifle]], and started producing the [[Snayperskaya Vintovka Dragunova|Tigr]], a civilian version of the SVD which was created back in the 1970s, in batches. Izhmash also expanded to the Western market, which was extremely successful, especially with the Saiga. Izhmash also created two new sniper rifles, the [[SV-98]] and the SV-99, which had a more enhanced fire precision than the regular SVD, for special units of the [[Russian Armed Forces]].<ref name=":0" /><ref name=":2" />

Despite the success, by 2008, Izhmash was composed of numerous enterprises that were on the verge of bankruptcy. The Russian [[State corporation (Russia)|state corporation]], [[Rostec|Rostekhnologii]] (Russian Technologies, now Rostec), revealed the poor state Izhmash was in by 2010. Only 32 companies of Izhmash were actually operating with a multi-level management system, high overheads and doubled up functions. The combined liability of Izhmash in early 2011 was [[Russian ruble|₽]]19&nbsp;billion. The use of the existing modern equipment hardly exceeded 20%.<ref name=":3" />

As a result, Rostec took control of Izhmash and started restructuring and [[Consolidation (business)|consolidating]] the company in 2011. According to Rostec, one of the objectives was to retain its research, industrial and human resources and turn Izhmash into a leading global small arms manufacturer. Izhmash was later reestablished through assets consolidation by 2012. As a result, there was a threefold increase in profits and a 10% cut in costs. In 2011, Izhmash increased the utilization rate of modern multipurpose equipment from 20% to 70%. The effect from the efforts to enhance production performance amounts to [[Russian ruble|₽]]100&nbsp;million.<ref name=":3" />[[File:Putin Meeting with workers of the Kalashnikov Concern - September 2016.jpg|thumb|Russian President [[Vladimir Putin]] meeting with workers of Kalashnikov Concern in September 2016]]