Uralmash GD resigns

Federal Antimonopoly Service accepted the application of Metalloinvest Management Company and United Machine Building Works (aka OMZ (Obedinennye Mashinostroitelnye Zavody, formerly United Heavy Machinery)) regarding the request to set up Uralmash Machine-Building Corporation. The Service also accepted their petition about providing the new company’s authorized capital through shares of ORMETO YUMZ and Uralmashzavod. This large corporation will unite UZTM (Ural Heavy Machine Building Plant), Uralmash-SpetsStal Ltd., OMZ DRO, OMZ Crane Ltd., and ORMETO-YUMZ Heavy Engineering Joint Stock Co.,

‘The setting up of a large industrial corporation by United Machine Building Works and MetalloInvest will make use of Uralmash facilities more efficient,’ Evgeniy Sergeev, General Director of United Machine Building Works (aka OMZ (Obedinennye Mashinostroitelnye Zavody, formerly United Heavy Machinery), said to UrBC. ‘The idea behind uniting Uralmashzavod and ORMETO-YUMZ Heavy Engineering Joint Stock Co. is creating a strong and competitive Russian supplier of equipment to ore mining and metallurgical enterprises in this country and abroad, which is particularly important because of Russia’s

Uralmash Machine-Building Corporation (consisting of Yekaterinburg-based Uralmashzavod and Orsk-based ORMETO-YUMZ) exhibited its oil rigs, pipes, and winches that the company is manufacturing at the moment on June 17-18, 2008. The event was attended by Eurasia, Rosneft-Bureniye, Ukrgazdobycha, Orenburgneft, Belarusneft, and a number of other O&G companies. Visitors to the presentation could see the design of the third generation drilling units; today’s customers want more durable and more multifunctional equipment, which is why this is what the new units are going to be like. They can be

Uralmash Machine Building Corporation acquired Uralmash Metallurgical Machinery from Severstal. The cost of the transaction is reported to come to $15m. Uralmash Metallurgical Machinery was originally sold by United Machine Building Works (aka OMZ (Obedinennye Mashinostroitelnye Zavody, formerly United Heavy Machinery)) to Severstalmash/Severstal Group. Now, the newly bought business is going to become an integral part of Uralmash Engineering (Uralmashzavod’s daughter enterprise) that already comprises Mining Equipment Division and O&G Drilling Machinery Division. Uralmash Metallurgical

Governor of Sverdlovsk Region Eduard Rossel held a meeting with First Deputy CEO of MetalloInvest Management Company Ltd. Nazim Efendiev, reports the Governor’s press officer. Mr. Efendiev said that Uralmash Russian Machine Building Concern with Yekaterinburg-based headquarters was expected to set up soon. ‘A globally recognized brand would unite former assets of Uralmash and of a number of other enterprises,’ he noted. ‘Russia needs Uralmash, as this is the only plant that produces unique equipment for various industries, and there will never be another one like it. Sverdlovsk Region