Uralhimmash

Performance indicators

2023: Revenue growth by 1.5 times to 13 billion rubles

In 2023, Uralhimmash raised 13 billion rubles (according to Russian accounting standards, RAS), which is 1.5 times more than a year earlier. About this in the Criminal Code "Ural Plant of Chemical Engineering" ("Uralhimmash" is under the management of this company) told in February 2024.

Uralhimmash's EBITDA in 2023 reached 2 billion rubles, doubling compared to the previous year. The production of marketable products in 2023 compared to the previous year also increased 1.5 times, said Tamara Kobaladze, General Director of UZKHM Management Company. According to her, the volume of contracts concluded by the plant in 2023 provides a significant part of the production load for 2024.

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Uralhimmash

At the end of 2023, a solemn ceremony of shipping the first reactor, which was completely made in the Russian Federation, took place at the Uralhimmash production site. The project was implemented on the order of Gazpromneft-ONPZ JSC. The reactor is made of thick sheet alloyed chromium-molybdenum steel for pressure vessels in accordance with GOST standards. The reactor created at Uralchimmash is a multi-unit unit - these are 4 reactors combined into one vessel. The weight of the structure is 231 tons, and the length is 49.7 meters.

During 2023, Uralhimmash JSC also fulfilled more than 10 largest orders for Russian and foreign partners. Among them, the company calls the supply of heat exchange equipment for the Rooppur Nuclear Power Plant in Bangladesh, the equipping of the Akkuyu NPP in Turkey with sets of CPFS hydroaccumulators to protect reactors from overheating and the supply of sets of adsorbers for the Gazli UGS in Uzbekistan.

Uralhimmash specializes in the production of equipment for enterprises of the petrochemical, oil and gas processing industries, nuclear and traditional power.^[1]

History

2024: Sinara bought Uralhimmash

Sinara Group acquired a 74.99% stake in Ural Chemical Engineering Plant JSC from Gazprombank. The share purchase and sale agreement was concluded at the end of August 2024. This became known on October 24, 2024 from the federal register of legally significant information.

According to Kommersant, Karen Dashyan, Managing Director of Advance Capital, estimates the cost of the enterprise at ₽7,6 - ₽8,6 billion, based on the average multiplier for transactions in heavy industry in Russia.

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uralhimmash.ru

Ural Chemical Engineering Plant JSC is a major manufacturer of equipment for the petrochemical, gas and oil refining industries. In 2023, the company's revenue grew by 45%. Uralhimmash plans to expand its product range with a target profitability of at least 35%.

Among the key customers of the enterprise are the largest Russian companies: Rosatom, Gazprom, LUKOIL, SIBUR, NOVATEK, Fosagro, Metafrax and Akron. Uralhimmash produces ball tanks, reactor, column and heat exchange equipment, as well as tank containers for transporting liquefied hydrocarbon gases.

Gazprombank will continue to participate in the development of the enterprise within the framework of a joint project, including the expansion of the production site and the launch of new capacities. Operational management will remain with the current management.

According to the head of Unicorn Capital Advisors Sergey Moiseev, the acquisition corresponds to the strategy of pipe industry investors to expand into related high-yield areas.

For Sinara, this is not the first deal with the Gazprombank group - in February 2022, the company acquired 99.9% of the technical gas operator LLC "" Cryogas serving metallurgical and chemical plants.^[2]

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