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Ulyanovsk Machine Tool Plant

Company

Content

Owners

History

2024: Transition under the management of the Federal Property Management Agency

On October 22, 2024, it became known that the Ulyanovsk Machine Tool Plant came under the control of the Federal Property Management Agency on the basis of a presidential decree Russia Vladimir Putin of February 20, 2024. According to the document, 100% of the shares in the authorized capital of the enterprise, previously owned by a German company (Gildemeister Beteiligungen Gildemeister Betailigungen GmbH), were transferred to the interim management of the state.

According to TASS, the German company Gildemeister Beteiligungen, which is a subsidiary of the DMG MORI concern, one of the largest manufacturers of programmable machines in Germany, ceased business activity in Russia on March 14, 2022.

Ulyanovsk Machine Tool Plant nationalized

After nationalization, the enterprise resumed production activities. The Governor of the Ulyanovsk Region Alexei Russkikh announced the restart of the plant and the receipt of the first orders. Russkikh added that as of October 2024, more than seventy employees were employed at the enterprise, and recruitment continues in full swing.

The plant management plans to produce two hundred and fifty high-tech machines with numerical program control in 2025. The first batch of equipment is being prepared for shipment to one of the Ulyanovsk enterprises.

The regional government will assist the enterprise in finding suppliers of components and building industrial cooperation. In the region, work is underway to localize the production of key components of machine tools.

Governor Alexei Russkikh stressed that the Ulyanovsk Machine Tool Plant could become the center of a new regional machine tool cluster. Alexey Russkikh added that the plans of the regional leadership include the organization of the production of portal machines in the region.[1]

Notes