United Heavy Machinery

United Heavy Machinery or Uralmash-Izhora Group, (Russian: Объединенные машиностроительные заводы, romanized: Objedinennye Mashinostroitelnye Zavody, OMZ) is a large Russia-based international heavy industry and manufacturing conglomerate. OMZ manufactures a wide range of steel, custom and industrial components for nuclear power plants, petrochemical and mining operations and utilities. In particular OMZ is a manufacturer of reactor pressure vessels for the VVER type of nuclear reactors and the manufacturer of EKG open-cut mining power shovels.[3]

"OMZ" redirects here. For other uses, see OMZ (disambiguation).

United Heavy Machinery
Native name
Объединенные машиностроительные заводы
TypeOpen Joint Stock Company
MCX: OMZZP
IndustryEngineering
Headquarters
Moscow
Revenue$560 million[1] (2016)
-$5.8 million[1] (2016)
-$34.2 million[1] (2016)
Total assets$1.08 billion[1] (2016)
Total equity$281 million[1] (2016)
OwnerGazprombank Asset Management (98.6%)[2]
Websitewww.omz.ru

As a Russian open joint stock company, shares in OMZ may be publicly traded subject to terms of constitutive documents and merger agreements.

OMZ was formed in 1996 in an incorporation of Ural Machine-Building Plants with ZSMK. Izhora Plants merged with OMZ in 1999 and the company was renamed OMZ (Uralmash-Izhora Group). In 2003 the company combined with Pilsen Steel and Skoda JS, the former steel and nuclear subsidiaries of Skoda Works. In 2008 CHETENG Engineering also joined. OMZ is a 50% owner of the Uralmash Machine-Building Corporation formed in a 2007 agreement with Metalloinvest.[4]

The company's shares were delisted from the Moscow and London stock exchanges in 2014 "due to the economic inexpedience of supporting the insignificant free-float of less than 0.33% of the capital."[5]

See also

References
  1. http://www.e-disclosure.ru/portal/FileLoad.ashx?Fileid=1328238.
  2. "Список аффилированных лиц". e-disclosure.ru. Retrieved 26 August 2017.
  3. OMZ Profile 10 March 2010
  4. OMZ History 10 March 2010
  5. "UPDATE: MICEX exchange to delist OMZ shares from August 8". 1Prime. Retrieved 2 September 2017.
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