The stockholders of Uralmash Machine-Building Corporation decided to let its two major production assets Uralmashzavod and ORMETO-YUMZ develop outside the joint venture framework. The two newly independent companies are to focus on further specialization and the implementation of their own investment programs.

The corporation was set up in 2007. The founders now explain that the market opportunities three years ago made it necessary for Uralmashzavod and ORMETO-YUMZ to unite in terms of produce marketing, production distribution, and capital investment.