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"Energomash-Atommash" JSC (formerly "Atommash" OJSC)

Company type	Public
Industry	Nuclear engineering
Founded	Volgodonsk, Rostov Region, Russia (1973 (1973))
Headquarters	Volgodonsk , Russia
Area served	Worldwide
Products	Equipment for nuclear power plants, electrical distribution, electric motors, energy, gas, locomotives, oil, space
Number of employees	21,000 (1989), 2900 (2009)
Website	ATOMMASH.ru

Atommash OJSC (currently known as Energomash-Atommash JSC) was a nuclear engineering flagship of the USSR, located in Volgodonsk city of Rostov Region, the biggest enterprise in the city. Atommash was established in 1973 and was bankrupted in 1995. It was then profoundly restructured and resurrected as EMK-Atommash before becoming part of Energomash JSC, a major diversified engineering company.

History

Soviet period: 1975-1991

Construction of Atommash started in 1975, the first factory building started operating in 1976 and already in 1981 it started producing equipment of its specialty. The enterprise was designed and constructed for manufacturing of complete equipment for NPPs (Nuclear Power Plants). The Chernobyl disaster and the Dissolution of the Soviet Union affected the future of the enterprise. The number of orders for the NPP equipment declined, and the enterprise had to expand the assortment of produced goods greatly.

First years of the post-Soviet period: 1991-1994

Like most Russian industrial enterprises, Atommash suffered greatly from the collapse of the Soviet Union. L

Bankruptcy of 1995-1999

The so-called "Plan of instituting external management for financial recovery of Atommash OJSC for the period of November 29th 1995 – May 29th 1997", introduced as of November 29^th 1995 by the decision of the arbitrary court brought no results. Jobs were declining and social tensions on the plant and in Volgodonsk city were increasing. The Russian Ministry of Atomic Energy proposed the following measures to save the enterprise, but the measures were not taken:

• Write off the debt on loans of Atommash OJSC owed to the Ministry of Finance of Russia (22 billion rubles), as well as respective interest and penalties as of 01.09.1996.
• Release Atommash OJSC from paying all kinds of taxes to the federal and local budgets from 01.09.1996 to 31.12.1997.
• Offer an installment plan (layaway) from 01.01.1998 to 31.12.2000 for the current accruals to the budgets of all levels.
• Sell the unsold 30% shares of Atommash OJSC to private shareholders under investment conditions.

Ownership

Atommash was a joint-stock company; 30% of the shares were controlled by the State. The remaining 70% interest belonged to individuals and companies. Concern YACONTO JSC (an industrial conglomerate headquartered in Moscow) was the second largest shareholder of Atommash OJSC after the State itself, holding 28.5% shares as of 1997. The Annual General Meeting of shareholders, responsible for making key decisions on the Company’s activities, was the supreme governing body of Atommash OJSC. Between the Meetings, Atommash was operated by the Board of Directors (9 members in total) headed by the Chairman of the Board. The chief executive of Atommash OJSC was the General Director.

Manufacturing

Being one of Russia's biggest industrial complexes and having 6 million m² of production facilities, Atommash was equipped with unique imported modern equipment, over 80% of which was purchased in Germany, Japan, France, UK, Italy, Austria, Sweden, USA and other countries, from concerns like Italimpianti, ESAB, Varian Associates, Mannesmann AG. In addition to nuclear machinery equipment, the quality of which has been confirmed by an international certificate granted by ASME (American Society of Mechanical Engineers), Atommash was capable of producing over 1000 kinds of products, utilizing modern foreign and domestic technologies. Those types of products included, but were not limited to: non-standard metal equipment of large sizes, various metal containers for energy systems (heat-, hydro-, wind power), metallurgical, mining, oil and gas production and processing systems, including ready for use plants for deep processing of oil and its residual fractions on the basis of cleaner technologies and processes, compact mini oil refineries with a capacity of 50 to 500 thousand tons per year, and mini-factories for recycling and processing of by-products and waste oil, equipment for the construction industry, including equipment for launch pads for missiles and spacecraft, for sea water desalination plants, containers for transportation and disposal of nuclear waste, railroad tank cars for transportation of liquid gas, etc.

Atommash was capable of producing equipment and products with a wall thickness of 1 to 400 mm, diameter up to 22 meters, length up to 80 meters and weight up to 1000 tons of highest quality. Atommash practiced electron beam welding, automatic welding in narrow cutting, automatic welding of nozzles, welding of large-sized products with wall thickness up to 600 mm. It possessed high-end equipment for heat treatment, welding, non-destructive testing (NDT), laboratories for exceptionally complex material testing and test facilities for finished products.

Atommash had a considerable experience of exporting its production abroad, to countries like Germany, USA, France, China, Japan, India, Singapore, Bulgaria, Greece, Turkey, Iran, Cuba, Indonesia to name a few. The enterprise has its own heavy duty mooring berth on Tsimlyansk Reservoir, which allowed shipping bulky and heavy products to Caspian, Azov, Black and Mediterranean seas, which used to be a natural advantage of Atommash over its domestic competition.