Yurmash

History

2024: "Development" bought "Yurginsky Mashzavod "

The Moscow company LLC "Development" acquired a 100% stake in LLC "PC" Yurginsky Mashzavod "" for ₽46,8 million at an auction in December 2024. The starting price of the production asset was ₽1,3 million.

According to Interfax, ten companies participated in the auction. The acquired enterprise is a subsidiary of the bankrupt Yurginsky Mashzavod LLC and specializes in the repair of mining equipment and the production of mining machines.

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Фото: Freepik

In the first half of 2024, the revenue of the Yurginsky Mashzavod PC reached ₽203 million, net profit amounted to ₽2,6 million. For 2023, these indicators amounted to ₽377 million and ₽3,6 million, respectively. The company employs 177 employees.

The company is the only owner of a test bench in Russia for strength and cyclic tests of mechanized support sections. Production facilities include a workshop for the manufacture and repair of hydraulic equipment for mining equipment and a mechanical assembly shop.

LLC "Development" was registered in July 2024. The company is owned and run by Leonid Denisov, who also heads two law firms in Vologda. The main activity of "Development" is real estate operations.

Historically, the Yurginsky Mashzavod was a city-forming enterprise in the city of Yurga, combining the production of mining equipment, lifting machines and a metallurgical complex. Since 2013, the plant has been operating with an incomplete load, and in December 2020 it completely ceased production activities.

According to the Unified Federal Register of Bankruptcy Information, the register of claims of Yurmash creditors includes obligations of ₽10,3 billion, of which ₽4,5 billion are accounted for by VEB, and ₽2,5 billion - by RT-Capital^[1]

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