Power Machines
Company type | Open Joint Stock Company |
---|---|
Industry | Metal and power engineering, machinery |
Founded | 2000 |
Headquarters | St. Petersburg , Russia |
Key people | Alexandr Rantsev (General Director) |
Products | Steam gas turbines, turbogenerators, other machinery |
Revenue | $1.18 billion[1] (2017) |
$-60.5 million[1] (2017) | |
$-167 million[1] (2017) | |
Total assets | $3.45 billion[1] (2017) |
Total equity | $393 million[1] (2017) |
Owner | Alexei Mordashov |
Website | www.power-m.ru |
Power Machines manufactures
History
The company was created in 2000.
As of 31 December 2009[update] 69.92% of shares were owned by Highstat Limited, a company controlled by Alexei Mordashov. 25% of shares were owned by Siemens and 5.08% by minor shareholders.[3]
In December 2011, Highstat acquired Siemens's stake in Power Machines for less than US$280 million (3.6 rubles per share), below the market price (4.9 rubles per share).
Structure
- Leningradsky Metallichesky Zavod (1857 establishment),
- Electrosila(1898 establishment),
- Turbine Blades’ Plant (1964 establishment),
- Kaluga Turbine Works(1964 establishment),
- NPO CKTI named after I. I. Polzunov (1927 establishment),
- Energomashexport (1966 establishment),
- Power Machines – Reostat Plant (1960 establishment).
Products
- GTE180 development, GTE170 production, GTE160, GT100, GTE-150, GTE-250 GTE-300 projects, GTE65, unit M94yu2 (Licensed V94.2 Siemens SGT5-2000E in 1994)
- SGTT build licensed SGT5-2000E (GTE160 GTE180 TPE180), SGT5-4000F, SGT-600 (Baltika-25)
- Silmash Gas and Steam Turbines K- and T- for Power Plants (Nuclear Thermal and Hydroelectric)
Management
The Board of Directors consists of eight members:
- From Severstal-group - Alexey Mordashov, Alexey Yegorov, Vladimir Lukin
- From Power Machines - Igor Kostin (General Director), Vadim Chechnev
- From Universal Invest - Igor Voskresensky
- From Siemens - Michael Zuss, Hans-Jurgen Vio[7]
References
- ^ a b c d e "Финансовый отчет по МСФО за 12 месяцев 2017 года (доллары США) на английском языке" (PDF). Retrieved 28 October 2018.
- ^ "Heavy Manufacturing of Power Plants". World Nuclear Association. November 2010. Archived from the original on 2010-11-08. Retrieved 2010-11-13.
- ^ "Annual Report 2009" (PDF). Power Machines Company. 2010. Retrieved 2010-11-13.
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(help)[permanent dead link] - Bloomberg Business. Archivedfrom the original on 2016-01-14. Retrieved 2016-01-14.
- ^ a b "Mordashov's Highstat makes offer to Power Machines minority shareholders at 4.53 rubles/share (Part 3)". Interfax. 2012-08-14. Archived from the original on 2016-03-04.
- ^ Dzyadko, Timofey (2013-04-05). "Mordashov demanded that minority shareholders of "Power Machines" sell their shares". Association of Institutional Investors. Archived from the original on 2016-04-26. Retrieved 2016-01-14.
- ^ "Annual General Meeting of Shareholders of Power Machines OJSC" (Press release). Power Machines Company. 2010-07-01. Retrieved 2010-11-13.[permanent dead link]
External links
- (in English) Official website of Power Machines