Uralmashzavod works at 15% of capacity

Chairman of United Machine Building Works Alexei Matveev and General Director of United Machine Building Works Evgeniy Sergeev presented their company’s strategy to mass media in the course of a business breakfast that took place yesterday. Mr Matveev told the reporters about the corporate strategy aimed at developing the business through expanding the assets it has in terms of the activities core to the business; the other points have to do with diversification of business and allying with the leading companies in the field. According to the Chairman, the company is now at the new

Izhorsk Works is going to hold an extraordinary general meeting on November 28, 2006. The maim item on the agenda is reelecting the Board of Directors. United Machine Building Works (which Izhorsk Works is part of) decided to elect two representatives of Federal Atomic Power Agency Members of the Board of Izhorsk Works. This will be done within the framework of the joint venture project with AtomEnergoMash. The reelection is also targeted at improving cooperation among all parties involved as well as at trying to obtain a state contract (according to the federal Nuclear Industry Development

OMZ Uralsmash (part of United Machine Building Works) set to constructing a large modern storage facility meant for servicing the corporate divisions as well as other local clients. The area is currently occupied by the storage houses of Uralmashzavod (a business unit of OMZ Uralsmash). The project will have been completed by May 2007. Uralmashzavod is already using its vehicles and facilities to render services to a number of organizations such as receiving, shipping, and forwarding railway carriages and containers, maintenance and storing of goods and equipment, customs clearance,

‘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 and Uralmash Drilling Equipment are two different enterprises. The latter is not Uralmashzavod’s legal representative and is not empowered to represent the plant on the drilling equipment market. This is why Uralmashzavod cannot be held responsible for Uralmash Drilling Equipment’s performance, its terms of delivery and the quality of its products,’ the spokesperson for Uralmash Machine-Building Corporation said to UrBC. ‘Uralmash Machine-Building Corporation was set up a year ago on the basis of two large enterprises: Uralmashzavod and ORMETO-YUMZ Heavy