Velta Machine-Building Plant

Velta Machine-Building Plant (Russian: ОАО «Велта») was a company based in Perm, Russia.

Perm Velta was a large enterprise that produced electronics for the military. It also produced (among several types of consumer goods) bicycles, for which it had about 20% of the Russian market, and auto spare parts. It also exported some bicycles.^[1]

The company was established in June 1939 by order of the People's Commissariat of Ammunition.^[2] In 1946 production switched to civilian products such as gramophones, and ten years later, the production of bicycles.^[2]

In 1990 the plant became part of the Perm-Avto joint venture with Autokam and FSV International Ltd to produce Rickman Ranger cars under licence.^[2] The Velta plant went bankrupt in 2006.^[3]