OREANDA-NEWS. June 4, 2008. URALMASH Machine Building Corporation was established a year ago on the basis of two companies - Uralmashzavod and ORMETO-YuUMZ specializing in production of mining, metallurgical, oil and gas, crane, cement producing, balancing and other types of equipment. Currently the Corporation is restoring its position at the market, in particular at the market of drilling equipment.

Uralmashzavod is the only right holder for URALMASH brand that became world-renown and universally acknowledged over the 75 years of history of the glorious factory. Therefore it is not surprising that during the difficult period of Uralmashzavod history many firms using its name on dubious basis and far from representing its interests became to exist.

In particular, JSC Uralmash-Drilling Equipment (Integra group of companies) representing itself to customers as legal successor of Uralmashzavod uses URALMASH brand at the market of drilling equipment. In fact, this company bought only assembly shop and testing site in 2004 and does not have access to the full production cycle at Uralmashzavod.

In this situation URALMASH management considers it necessary to inform the participants of drilling equipment market that URALMASH Machine Building Corporation and JSC Uralmash-Drilling Equipment are two different companies. JSC Uralmash-Drilling Equipment is not a successor of Uralmashzavod and is not authorized to represent Uralmashzavod at the market of drilling equipment. Therefore Uralmashzavod does not assume responsibility for production schedule and quality of products and spare parts supplied by JSC Uralmash-Drilling Equipment.

Uralmashzavod has been the manufacturer of 15 thousand drilling rigs since 1945. These rigs still take the main share in the stock of major Russian oil and gas companies and all oil and gas producing companies in CIS.

URALMASH Machine Building Corporation will continue supporting high quality and reliability of products under its brand name.