September 2, 2008: Public Joint Stock Company "EnergoMashinostroitelny Alliance" (PJSC "EMAlliance") and the German concern E. ON had a range of business meetings in Taganrog (Rostov Region).
Managers of E. ON visited Krasny Kotelshchik
(branch of EMAlliance), they were shown the plant's manufacturing capacities.
During negotiations important joint projects and further plan of companies' cooperation in the Russian power equipment market were discussed. The next meeting is planned for autumn in Germany.
"We are satisfied with the outcome of the negotiations" - the Vice-President of EMAlliance, Peter Kraemer said. "Our company is interested in enlargement of orders portfolio within our country; we consider the German concern as our potential partner, possessing controlling share holding of "OGK-4" (Wholesale Generating Company). Moreover, we are interested in foreign markets, where E. ON AG is already acting and it is ready to cooperate with Russian manufacturers of power equipment"
E. ON is the largest private power engineering generating company in the world. It was established in 2000 as a result of union of two groups–VEBA and VIAG. Annual turnover is over 50 billion Euro.
EMAlliance JSC is one of the largest machine-building companies in Russia, with international experience and references in sales, engineering and design of equipments for thermal energy, oil and gas companies, and atomic energy.
The EMAlliance Holding are: The Machine-Building Plant ZiO-Podolsk, ZiOMar Engineering, Taganrog Krasny Kotelshchik Factory and other companies.
More than 80% of power stations in Russian Federation and in CIS countries are equipped with production of these factories.
The company is planning to prepare for an initial public offering (IPO) of its shares by 2008.