Power Machines

"Power Machines"
Type Open Joiny-Stock Company
Industry Metal and power engineering
Founded 2000
Headquarters Moscow, Russia
Key people Igor Yurievich Kostin (General Director)
Revenue 17,7bn rub (2007)
Net income 3,11bn rub (2007)
Owner(s) Alexei Mordashov
Website www.power-m.ru

OJSC "Power Machines" (translit. Siloviye Mashiny abbreviated as Silmash, Russian: ОАО «Силовы́е маши́ны», RTS:SILM) is a Russian energy systems machine-building company founded in 2000. It is headquartered in Moscow.

Contents

History

The company was created in 2000 by unifying the following enterprises:

Operations

Power Machines manufactures steam turbines with capacity up to 1,200 MWe, including turbines for nuclear power plants. Its portfolio consists of turbine generators for the Leningrad Nuclear Power Plant II and the Novovoronezh Nuclear Power Plant II. In additiona to Russia, Power Machines has supplied equipment to 57 countries with significant market in Asia.[1]

Shareholders

As of 31 December 2009 (2009 -12-31) 69.92% of shares was owned by Highstat Limited, a company controlled by Alexei Mordashov. 25% of shares was owned by Siemens and 5.08% by minor shareholders.[2]

Management

The Board of Directors consists of eight members:

References

  1. ^ "Heavy Manufacturing of Power Plants". World Nuclear Association. November 2010. http://www.world-nuclear.org/info/inf122_heavy_manufacturing_of_power_plants.html. Retrieved 2010-11-13. 
  2. ^ (PDF) Annual Report 2009. Power Machines Company. 2010. http://english.power-m.ru/common/data/pub/files/articles/4768/PowerMachines%20AnnualRep_2009.pdf. Retrieved 2010-11-13. 
  3. ^ "Annual General Meeting of Shareholders of Power Machines OJSC" (Press release). Power Machines Company. 2010-07-01. http://english.power-m.ru/themes/english/materials-document.asp?folder=1435&matID=4736. Retrieved 2010-11-13. 

External links