URALMASH Machine-Building Corporation was officially registered in Yekaterinburg in compliance with the federal law requirements, the spokesperson for United Machine Building Works/OMZ (aka Obedinennye Mashinostroitelnye Zavody, formerly United Heavy Machinery) reports. URALMASH was set up as a joint venture run by United Machine Building Works/OMZ (Uralmash-Izhora Group) and Metalloinvest Management Company on an equal footing. The new company comprises OMZ’s Yekaterinburg-based UZTM (Ural Heavy Machine Building Plant), Uralmash-SpetsStal Ltd., OMZ DRO, and OMZ Crane Ltd., and Metalloinvest’s Orsk-based ORMETO-YUMZ Heavy Engineering Joint Stock Co. URALMASH is expected to become a machine-building giant and the leading market player thanks to consolidation of assets; besides, the synergy effect is predicted to raise the company’s sales and decrease its outgoings.

T.A. Shulyakova was appointed the company’s provisional CEO.