Description: Izhevsk Mechanical Works (RTS:IGMA) (Russian: Ижевский Mашзавод) or IZHMASH (ИЖМАШ) is a weapons manufacturer based in Izhevsk, founded in 1807 at the decree of Tsar Alexander I, and is now one of the largest corporations in its field. It makes the famous Kalashnikov series of assault rifle, along with a host of other Russian arms, including medium cannons, missiles, and guided shells. Izhmash also produces other goods, such as motorcycles and cars.
Recently, the global recession and a proliferation of copycats has caused financial difficulties for Izhmash. The company is currently facing bankruptcy proceedings filed by creditor OOO Gremikha over a debt of more than US$13 million.
Beside the weapons they make, they also make different tools and industrial machines.