Whether is Tutun-CTC sold, or not?

At the end of September, 2008 the shares of Moldavian enterprise were put up for auction on state property sale. For its 90,8 % of Tutun-CTC share the state planned to gain not less than 300 million MDL. The auction passed, but finally the industrial complex was not sold. Whether will the controlling stock participate in the auction again, what is the attractiveness of the enterprise for the investors and what is happening within it?

In autumn 2008 the shares of the enterprise were put up for sale; however, the changes in the enterprise policy led to the fact that Tutun-CTC was removed from the auctions. In this respect there were assumptions that thus the state (the basic shareholder) wishes to raise its investment appeal.

The General Director of Tutun-CTC, Pavel Fillip, commented on these rumors in the following way: "Now, taking into consideration the time and our limited market, (in neighboring countries have their own productions), Tutun-CTC does not represent itself a particular interest for strategic investor. But it is only for time being".

In 2008, the process of optimization of organizational structure and operational expenses began. On the model of the western companies, the outsourcing companies were involved in the working process of Tutun-CTC, which render the services for Vehicle Park, dining room and other non-profile divisions of the enterprise. Finally, the expenses were cut almost by half, and productivity was essentially raised.

Many enterprises within post-Soviet territory possess huge industrial potential, but their weak point is the distribution and the quality of produced goods. According to Yana Yapieva’s speech, Tutun-CTC’s Sales Manager, the new management focused its efforts on sales and the quality of the launched products. More than 80 % of efforts of the enterprise team were directed on these. The control was strengthened; the distribution requirements changed …