‘Foreign heavy engineering companies control 70% of the market at the moment; Russian companies fall behind because of a long history of being underfinanced, experiencing quality problems and difficulties meeting the deadlines brought about by faulty business structures. Now, we have the means to improve the situation,’ Uralmashzavod’s Marketing and Strategic Director Alexei Slavitch said at a press conference on March 28, 2008.

‘So far, Uralmash Machine-Building Corporation has done a lot to find its way out of a crisis. The company’s main achievement is that we now have a clear divisional structure modeled on some Western prototypes. We are gradually switching to all-in equipment delivery instead of supplying customers with separate pieces of machinery. Last year, we only exported 19% of our produce, whereas by 2012, the figure will rise to an impressive 30% or even more than that. We expect to have a 450% increase in investments in the company’s production in 2008, this is an amazing figure, I feel. The company currently employs as many as 12,000 people,’ he added.

‘Supposing we take the Russian market’s indicators last year for 100%, then the market will grow by 138% in 2010 and by 154% in 2012; at the same time, Uralmash’s share of the market came to 22% in 2007 and is believed to reach 28% in 2010 and 37% in 2012,’ Mr. Slavitch noted.