Power machines

Power Machines, created in 2000, combined the technological, production and intellectual resources of world famous Russian enterprises: Leningrad Metal Plant (1857), Elektrosila (1898), Turbine Blade Plant (ZTL) (1964), Kaluga Turbine Plant (KTZ) (1946), NPO TsKTI (1927), Energomashexport (1966). Equipment manufactured by Power Machines enterprises is installed in 87 countries of the world. The company's shares are traded in the RTS system. Since the company was created by combining independent enterprises that have each of their own characteristics in the forms of remuneration due to both production specifics and development history, at the time of the project implementation, the company used more than 250 codes of accruals and deductions of wages. The total number of employees of the company's automated divisions is about 13,000 people.

Digitalization

2019: Engineering Plant Target Architecture in Industry 4.0

• In the Russian engineering industry, there are no conditions for the transition to a digital enterprise, continuous life cycle support, Industry 4.0. Neither "tops" nor "bottoms" are ready.
• Transformation into a digital enterprise, transition to Industry 4.0 - a market environment requirement and an EXTREMELY EXPENSIVE PROCESS. It is a kind of barrier - cutting off competitors. However, it needs to be implemented, despite the absence of any conditions.
• Russia missed the chance of a gradual evolution to digitalization and Industry 4.0, so once again superpowers and sacrifices will be required.
• Reanimation of training of engineers - designers and technologists, as well as middle and senior managers (!!!) in higher education is required. Most likely, once again, state support will be required (both for preparation and for "distribution").

2018: SAP disables Power Machines from Hybris Cloud for Customer due to US sanctions

In April 2018, Power Machines turned off access to the SAP Hybris Cloud for Customer cloud service, a TAdviser source said, citing a senior Power Machine employee. This was preceded by the company's inclusion in the US sanctions list: Power Machines ended up there in January 2018 due to the supply of turbines to Crimea. Read more here.

History

2025: Appointment of Alexey Podkolzin as CEO

At the end of May 2025, the Power Machines company changed its leadership - Alexander Konyukhov was dismissed from the post of general director due to a failure in the delivery of equipment. Alexey Podkolzin, who previously held the post of Deputy General Director for Production, was appointed the new head of the enterprise. This was reported in the Severgroup group, which owns the asset. Read more here.

2024: Inter RAO bought the former joint venture of Power Machines and Toshiba

In early February 2024, it became known about the sale of OOO SMTT.high-voltage solutions to Inter RAO Corporation. Information about the change of ownership is reflected in the Unified State Register of Legal Entities (USRUL). Read more here.

2018: Investment program more than 3 billion rubles for the expansion of production capacities

In 2018, the Power Machines group of companies will allocate over 3 billion rubles for the expansion and development of production capacities. Among the main areas of the investment program in 2018, the continuation of the project to create a new product - the first Russian low-speed turbine for nuclear power plants, expansion and development of production facilities, engineering, industrial safety, measures aimed at improving working conditions. The investment program of the Power Machines group of companies in 2013-2017. is 11.9 billion rubles.

2012

Revenue $2.095 billion, net profit - $377.3 million

According to IFRS, the company's revenue (including subsidiaries) in 2012 amounted to $2.095 billion, and net profit - $377.3 million.

Purchase of EMALJANS and Croatian Đuro Đaković

In February 2012, Power Machines OJSC completed the acquisition of a 100% stake in EMALJANS OJSC, which, in particular, owns the majority stake in Taganrog TKZ Krasny Kotelshchik OJSC, which specializes in the design, production and integrated supply of boiler equipment for thermal power, and a 100% stake in one of the largest European companies for the production of boiler and heat exchange equipment Đuro Đaković (Croatia).

2002-2008

In March 2002, Energomashexport CJSC was established on the basis of Energomashexport CJSC, which in August of the same year changed its organizational and legal form to OJSC. In January 2004, three large St. Petersburg enterprises were attached to OJSC Energomashexport - Power Machines: OJSC Leningradsky Metal Plant (LMZ), OJSC Turbine Blade Plant and OJSC Electrosila. From that moment on, the full name of the enterprise is Power Machines - ZTL, LMZ, Electrosila, Energomashexport OJSC (abbreviated as Power Machines OJSC). 100% of the shares of Power Machines OJSC belong to a company controlled by Alexei Mordashov.

In early 2008, Power Machines consolidated a controlling stake in OJSC Kaluga Turbine Plant (KTZ); now the St. Petersburg enterprise owns about 69% of ordinary shares of KTZ OJSC.