State influence: Techsnabexport is a global exporter of the Russian nuclear industry uranium products and services. Techsnabexport was relocated several times from the USSR Ministry of Foreign Trade to the USSR Ministry of Medium Machine Building, subsequently the USSR Ministry of Atomic Energy and Industry, subsequently the Ministry of the Russian Federation for Atomic Energy, and presently the Federal Agency for Atomic Energy. That’s why we can conclude that the state influence was really important here.
Moreover, more recently in 2007, Russian Parliament adopted a law "on the peculiarities of the management and disposition of the property and shares of organizations using nuclear energy and on relevant changes to some legislative acts of the Russian Federation” to regulate this sector.The Russian government also plans to allocate 127 billion rubles ($5.42 billion) to the next generation of nuclear energy technology. So these changes have a huge impact on Techsnabexport’s activities.
Internationalization:
| Country
| Germany
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| Year of entry
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| Industry/ business area
| Nuclear energy
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| Entry mode
| TENEX opened a subsidiary in Germany, INTERNEXCO, in 1989.
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| Motives
| The aim of the creation of this subsidiary was to win a new and really huge market.
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| Firm specific advantagesused on the foreign market
| The specific advantage of TEXEX, used in Germany, is its expertise.
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| First mover or follower
| First mover.
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| Type of state involvementin the process of internationalization
| In 1989, when TENEX decided to open a subsidiary in Germany, the firm was under the control of the USSR Ministry of Foreign Trade so the state involvement was total.
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| Evaluationof the success of the internationalization
| This internationalization is a success. In 2012 for instance, despite difficult market conditions (consequences of the Fukushima accident), TENEX not only managed to conserve the previous years’ record high of over $3 billions’ worth of exports, but even increased its decade-long export contract portfolio by nearly 40%.
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