OMZ-Delim

On November 28, 2014 Two Memorandums of cooperation were signed between GPB (joint stock company), JSC OMZ and Delim industrial group (Daelim Group, South Korea). On behalf of Gazprombank the signature was appended by the vice chairman of the board of GPB (joint stock company) Dmitry Zauers, from JSC OMZ - the CEO Mikhail Smirnov, from the Delim group – the President Mr. Li Chkhol Keung.

The first Memorandum concerns cooperation in Russia: organization of the joint engineering center staffed with representatives Delim and OMZ with perspective of its development is provided in the competitive project organization which will be able successfully to act as subcontractor and to perform project and engineering works for the Russian projects.

The second Memorandum defines a cooperation format in Korea. It provides the invitation of managers and engineers from OMZ on training and a training in Delim and also joint participation in large international projects in the field of engineering, the organizations of deliveries and construction (Engineering, procurement and construction). The Korean side already confirmed readiness to accept up to 10 managers and to two groups of specialists (20 engineers in each group).

The memorandum sets an accurate framework of training programs, training in the course of work in Delim parent organization and in design process on the project platform.

Strategic partnership with Delim will allow Group of OMZ to get access to the advanced South Korean technologies of industrial construction and equipment manufacturing that, in turn, will provide to big Russian customers the highest quality of execution of large-scale engineering projects and attraction of credit resources from South Korean financial institutions.