United Heavy Machinery

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

United Heavy Machinery

Native name

| Объединенные машиностроительные заводы
Company type| Open Joint Stock Company

Traded as

| MCX: OMZZP
Industry| Engineering
Headquarters|

Moscow

Revenue| $56 million[1] (2016)

Operating income

| −$5.8 million[1] (2016)

Net income

| −$34.2 million[1] (2016)
Total assets| $1.08 billion[1] (2016)
Total equity| $281 million[1] (2016)
Owner| Gazprombank Asset Management (98.6%)[2]
Website| www.omz.ru

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]

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 the 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 Škoda JS, the former steel and nuclear subsidiaries of Škoda 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]

## Operation

[edit]

PJSC EMZ is engaged in industrial technology development, invests in technological assets with growth potential in strategic industries.

### Financial indicators

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The company's revenue under IFRS in 2023 amounted to 26,007,318 thousand rubles, net profit was received in the amount of 3,462,836 thousand rubles.

## Owners and management

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The company is controlled by Gazprombank JSC. The general director of the company is Roman Sergeevich Kuvshinov.

## See also

[edit]

* Uralmash
* Izhorsky Zavod
* Kakha Bendukidze
* Gazprombank

## External links

[edit]

* OMZ company website Archived 9 July 2018 at the Wayback Machine
* Financial information
* Skoda JS Archived 24 June 2013 at the Wayback Machine
* Pilsen Steel
* CHETENG s.r.o
* Uralmash Machine-Building Joint Venture

## References

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1. ^ a b c d e http://www.e-disclosure.ru/portal/FileLoad.ashx?Fileid=1328238. `{{cite web}}`: Missing or empty `|title=` (help)
2. ^ "Список аффилированных лиц". e-disclosure.ru. Retrieved 26 August 2017.
3. ^ "OMZ Profile 10 March 2010". Archived from the original on 1 August 2019. Retrieved 10 March 2010.
4. ^ "OMZ History 10 March 2010". Archived from the original on 6 October 2012. Retrieved 10 March 2010.
5. ^ "UPDATE: MICEX exchange to delist OMZ shares from August 8". 1Prime. Retrieved 2 September 2017.