OREANDA-NEWS. May 5, 2008. Uralmash Machine-Building Corporation (Uralmash), Elektrotyazhmash plant (Kharkov, Ukraine) and ELTA Interregional Power Engineering Association (Kharkov, Ukraine) signed a trilateral agreement on strategic partnership in development and market promotion of excavators, drilling equipment and other industrial products.

Within the framework of the agreement the parties plan to sign a number of contracts and agreements that will enable them to extend their process and design capabilities, increase production and sales volumes, load their production capacities, develop and promote new types of products, facilitate industrial cooperation, implement new technologies and provide for industrial upgrade and create new jobs.

In the nearest future the parties will establish a task group comprising representatives of Uralmash, Elektrotyazhmash and ELTA. Task group will define major trends of activities, plan for joint participation in exhibitions and conferences, exchange technical and other information, align industrial cooperation and develop joint product promotion policy.