In 1936, Fenikss was reorganised into Joint Stock Company Vairogs, which later manufactured Ford-Vairogs automobiles under licence.

Following the collapse of the Soviet Union and the Comecon, the factory ceased operations in 1996 and was declared bankrupt in 1998.

Privatized in two parts, one was bought by Severstal, a company controlled by Russian oligarch Alexey Mordashov.

In 2001 the factory was bought by a holding company and new diesel units were built for Belarusian Railways from 2005 to 2008.

After its ownership structure changed several times it entered insolvency in 2017, following a dearth of orders for new vehicles for several years and several failed attempts at partnerships with other rail manufacturers.