About UsPower Machines Company is the leading Russian manufacturer and supplier of complex decisions in the field of power engineering including production, supply, erection, maintenance and modernization of equipment for thermal, nuclear, hydraulic and gas-turbine power plants.
The merger let the enterprise renovate engineering capacity of the plants, modernize marketing strategies and create more effective control system.
In 2003 the I.I. Polzunov Power Engineering Research and Design Institute (NPO CKTI) joined Power Machines Company.
In December 2004 ZTL, LMZ and Electrosila united into one legal entity and joined Power Machines Company.
Power Machines is a universal assignee of all the enterprises it comprises. All rights, obligations and assets of all three enterprises were transferred to Power Machines. The enterprises became branches of Power Machines Company. Regulations of the enterprises were approved by the Board of Directors of Power Machines. In March 2007 Electrosila, Reostat Plant, Electrosila''s branch enterprise, was reformed into JSC Power Machines Reostat Plant.
At the present day main shareholder of Power Machines (Highstat Limited Company with Alexey Mordashov as a final beneficiary) together with its strategic partner Siemens Company develop new strategy of Power Machines which is an essential part of development strategy of all Russian power engineering complex.
Key targets of Power Machines are technical re-equipment and development of production base, purchase of new technologies and Research and Advanced Development, application of modern approaches to business and management, updating and extension of product line with the aim to create competitive production and extend sales areas. |
HistoryIn 2000 Energomachexport joined the Power Machines Group
The Power Machines Group has brought together longstanding partners: Electrosila, Leningradsky Metallichesky zavod (LMZ), Turbine Blades’ Plant (ZTL), Kaluga Turbine Works (KTZ).
2003
OJSC Power Machines and Energomachexport (sales unit of the Group) formed a new company called JSC Energomachexport – Power Machines combining two business functions: sales and management.
Energomachexport – Power Machines obtained controlling stake in Leningradsky Metallichesky Zavod, Electrosila, Turbine Blades’ Plant, and also blocking minority ownership in Kaluga Turbine Works.
2004
In the beginning of 2004 ZTL, LMZ and Electrosila were excluded from the state register of legal entities and formed a single legal entity through joining OJSC Power Machines.
OJSC Power Machines became a universal legal successor of all joined companies. All rights, responsibilities and assets of the three companies were passed OJSC Power Machines. Adjoined companies received branch status approved by the Board of Directors of OJSC Power Machines.
The consolidation of the production capacities of the enterprises within Power Machines made it possible to strengthen the position of the Company in sales markets.
At present having formed a joined structure, comprising manufacturers of various power equipment as well as a trading company, the Power Machines Group is capable of performing any orders from deliveries of separate units up to executing power projects on a turn-key basis.
Power Machines has been involved in building over 800 facilities in Russia and abroad; this actually represents 800 individual solutions to 800 customers’ individual needs ranging from supply of miscellaneous self-made equipment to complete assembly of turbine buildings at hydro, thermal, nuclear and gas-turbine power plants under its own projects.
2005
On December 7 Interros completed a deal on selling 22.43% of Power Machines to RAO "UES of Russia".
In 2005 the Company continued a whole series of actions aimed at the creation of an integrated company established in 2004 after the merge of its fixed productive assets. Among these actions were the integration of manufacturing capacities within a single manufacturing and engineering base; development of corporate infrastructure; and harmonization of organization departments activity within common business processes.
As a part of the organization reform, in 2005 production planning and sales planning functions were integrated; the Company continued creating a common corporate structure of production planning and order execution control system; started centralizing, restructuring and optimization of auxiliary departments with their partial outsourcing. As a result, a single source of material purchase was created for heavy forging, sheet stock and pipes, and section iron.
In the second half of 2005 Power Machines successfully completed a number of large contracts, including the high profile successful launch of Kaliningrad CHP-2 and the start-up of the fourth unit at Bureyskaya HPP.
2006
On January 26 Interros completed a deal on selling 20,61 % of Power Machines to Siemens.
Among the company priorities in 2006 are, among others, the timely and successful equipment start-up at Tianwan NPP, Wong Bi TPP, Teri and Balimela HPP; a commitment to quality delivery on our obligations to partners, employees and the state; the strengthening of financial discipline, cost optimization, the driving down of production costs and an increase in contract profitability.
Board Of Directors
- Alexey Mordashev – Chairman of Board of Directors
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 | Fact Sheet | | | Year of Establishment | : | 2000 | | Legal Status of Firm | : | Limited Liability/Corporation (Privately Held) | | Nature of Business | : | Manufacturer | | Number of Employees | : | 101 to 500 People | | Turnover | : | US$ 25-100 Million (or Rs. 100-400 Crore Approx.) | | Major Markets | : | East Asia |
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Contact Details| | Company Name:
| Power Machines India Limited | | Contact Person: | Mr. Manager | | Telephone: | +(91)-(120)-4036001
| | Mobile / Cell Phone: | +(91)-9911141902 | | Fax No: | +(91)-(120)-4036000 | | Address: | B-21, Ground Floor, Sector No. 58, Noida, Uttar Pradesh - 201 301 (India) |
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