Company Overview of Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport"
Public Joint Stock Company ‘Power Machines - ZTL, LMZ, Electrosila, Energomachexport’, a power engineering company, engages in the engineering, design, manufacture, and supply of equipment sets for thermal, nuclear, and hydro power plants. It operates through two segments, Development and Energy-Generating Equipment. The company produces turbines and auxiliary equipment for hydro, thermal, and nuclear power plants; low- and medium-capacity steam turbines; electro technical equipment and propulsion engines; components for hydraulic-turbine equipment; generators for hydraulic, steam, and gas turbines; propulsion engines and heavy electrical machinery; boiler equipment sets for thermal power pl...
3 Lit. A, Vatutina Street
St. Petersburg, 195009
Founded in 1996
Key Executives for Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport"
CFO, Member of the Executive Board, Economy & Finance Director and Director
Chief Executive Officer of Electrosila
Chief Executive Officer of Turbine Blades' Plant
Chief Executive Officer of Leningradsky Metallichesky Zavod
Compensation as of Fiscal Year 2017.
Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport" Key Developments
Power Machines to Supply RUB 38 Billion of Equipment for NPP in Bangladesh
Aug 16 17
Power Machines will manufacture and deliver core and auxiliary equipment for new units of the Rooppur Nuclear Power Plant in Bangladesh with capacity of 1,200 MW each. The contract is worth RUB 38.25 billion and the customer is JSC CEPD, the directorate for consolidated procurement of nuclear power plant equipment. Power Machines will design, manufacture and deliver to sets of steam turbines, condensers and selected auxiliary equipment for turbine plant systems, as well as two turbine generator sets with equipment for auxiliary systems, excitation system and exciter. The company will also supply heat exchange and pump equipment, piping and the necessary fittings. It will also oversee the installation, and pre-commissioning work at the NPP for all of the supplied equipment. The completion of equipment deliveries for the No. 1 and No. 2 units of the NPP is scheduled for 2020 and 2021, respectively, and the units are expected to be launched in 2022 and 2023, respectively.
PJSC Power machines Announces Earnings Results for the First Half of 2017
Aug 1 17
PJSC Power machines announced earnings results for the first half of 2017. RAS net loss of the company for first half of 2017 decreased by 33.52% to RUB 961.391 million from RUB 1.446 billion for the same period in 2016. Revenue decreased by 3.32% to RUB 21.431 billion from RUB 22.168 billion, sales profit by 46.9% to RUB 984.899 million from RUB 1.855 billion, loss before tax by 25.84% to RUB 1.454 billion from RUB 1.961 billion. IFRS net loss of Power machines Group for 2016 grew 3 times to RUB 4.047 billion. The group's revenue increased by 29.4% to RUB 77 billion. Gross profit grew by 80% to RUB 15.3 billion. EBITDA on group decreased by 4.5% to RUB 7.1 billion. As of December 31, 2016, the portfolio of orders of Power machines was $5.5 billion, roughly
no change year-on-year.
Power Machines Announces Management Changes
Jul 20 17
Power Machines announced that deputy CEO and technical director Yuri Petrenya was appointed the new CEO of the company at a meeting on June 19. In addition the board of directors decided to relieve former CEO Roman Filippov of his duties before term.
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