Atomenergomash Completed Deal for Atomtrubprovodmontazh Purchase
OREANDA-NEWS. November 1, 2008. In Oct 2008 Atomenergomash OJSC (part of Atomenergoprom OJSC) completed the deal for purchase of 51% of Atomtrubprovodmontazh CJSC (ATM).
ATM is one of Russia’s leading producers of moulded members (bends, joints, fittings), components of low and high pressure pipelines for nuclear and thermal power plants as well as special power equipment for NPPs, TPPs and oil and gas sector. The company has plants in Orenburg and Tver regions.
This transaction is part of the program for strategic development of Atomenergomash envisaging the formation of a pipeline production holding on the basis of Stalenergoproekt LLC. The consolidation of production capacities is supposed to enlarge output by five times to as much as 5,000 tons a year.