OREANDA-NEWS. June 26, 2008. The shareholders of Izhorskie Zavody OJSC (St.Petersburg, part of OMZ Group) met on June 24 to elect the new Board of Directors.

They elected the following Board: Deputy Director General of OMZ, Director General of Izhorskie Zavody Viktor Shevchenko, Director General of OMZ Viktor Danilenko, Vice Chairman of the Board of Gazprombank Farid Kantserov, Director General of Forpost Management CJSC Vladimir Yurkov, Advisor of the Chairman of the Board of Gazprombank Yevgeny Borisov, First Vice President of Gazprombank Sergey Ivanov, Director for Strategic Development of ZiO Podolsk Vladimir Ovchar, Deputy Director of Atomenergoprom OJSC Kirill Komarov, independent director Georgy Tsepov.

Izhorskie Zavody OJSC manufactures unique equipment for nuclear, petrochemical and mining industries. The authorized capital of the company totals 664.366mln RUR and is divided into 141,091,600 preferred shares and 523,274,400 ordinary shares worth 1 RUR each. The biggest shareholder of the company is OMZ (78.75%).

OMZ (Uralmash-Izhora Group) is the largest heavy industry company in Russia. It specializes in engineering, production, sales and maintenance of equipment and machines for the nuclear power, oil and gas, and mining industries, and also in the production of special steels and equipment for other industries. The Company was founded Dec. 19, 1996 in Yekaterinburg, where the Open Joint-Stock Company Ural Machine-Building Plants was registered. In 2003, the Czech companies Skoda Steel, Skoda JS and in 2008, CHETENG Engineering joined OMZ. OMZ Group divisions’ facilities are located in Russia (Izhorskiye Zavody and “MK “Uralmash”) and the Czech Republic (Pilsen Steel, Skoda JS and CHETENG Engineering). Shares in OMZ are traded in Russia, as well as, through depository receipts, in London, Berlin, Munich, and New York.