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NPK Uralvagonzavod imeni F.E. Dzerzhinskogo OAO to Create Joint Venture with Zarechnaya Coal Company LLC-Interfax


Sunday, 17 Feb 2013 11:03pm EST 

Interfax reported that NPK Uralvagonzavod imeni F.E. Dzerzhinskogo OAO (UVZ) and a group of businesses headed by Zarechnaya Coal Company LLC are creating a joint venture called OJSC Russian Industrial Corporation, UVZ said in a statement. The two companies plan to finish the first stage of the deal in the first quarter of 2013. UVZ will contribute individual assets to the joint venture, which will also receive stakes in such enterprises as Zarechnaya Coal Company LLC, LLC Yurginsk Machine Works, Esser (Germany), T-machinery (Czech Republic), transport company Yu-trans and Baltic Coal Terminal. By establishing Russian Industrial Corporation, UVZ will be able to include coal production and processing businesses in its sphere of interests, supplement its transport and logistics capacities, and significantly strengthen its position in the heavy machine-building sphere by securing a share in the mining equipment market. 

Company Quote

3160.0
50.0 +1.61%
19 Sep 2014