NPO "ELSIB" OAO (ELSIB Research and Production Association Open Joint Stock Company) is a machine building company involved in the research, production and design of electric generators and large machines for metallurgy. It is based in Novosibirsk

Novosibirsk

Novosibirsk is the third-largest city in Russia, after Moscow and Saint Petersburg, and the largest city of Siberia, with a population of 1,473,737 . It is the administrative center of Novosibirsk Oblast as well as of the Siberian Federal District...

, Russia

Russia

Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...

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Overview

The company has three main production segments: turbogenerators and hydroelectric generatorss; asynchronous motors and frequency converters, as well as other equipment, such as drives of the wheel and excitation systems. In addition, the company provides repair and modernization services for both equipment of its own production as well as other producers. Production facilities are concentrated in a single industrial site supporting almost the full production cycle, while the use of co-operation and subcontracting is being kept at minimum. As of 2008, the company's work force consists of about 1200-1300 people.

Most of the company's sales go to domestic customers in industries such as oil and gas, chemical, electric and thermal power transportation, coal and metallurgy.

In 2008, NPO ELSIB was the largest company of Novosibirsk Oblast

Novosibirsk Oblast

Novosibirsk Oblast is a federal subject of Russia located in southwestern Siberia. Its administrative and economic center is the city of Novosibirsk. Population: -Overview:...

 receiving foreign investment. During its history, NPO ELSIB has delivered turbo- and hydrogenerators to more than 700 power plants worldwide. Currently, more than 60,000 large electric machines produced by the company are being operated in 52 countries of the world. About 30 % of power plants in Russia use generators produced by NPO ELSIB. The company's stock is listed at the Russian Trading System

Russian Trading System

The Russian Trading System is a stock market established in 1995 in Moscow, consolidating various regional trading floors into one exchange. Originally RTS was modelled on NASDAQ's trading and settlement software; in 1998 the exchange went on line with its own in-house system...

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History

NPO ELSIB's history dates back to the 1950s, when it was founded as the "Novosibirsk turbogenerator plant." In 1957 the company achieved its first foreign exports. By the end of 1960s, the company became one of the leading players of the Russian machine building sector. In 1988, the enterprise was transformed into the Research and Production Corporation "Sibelectrotyazhmash." In 1992 it became the JSC "ELSIB," which was then transformed into the present company in 2001, by a merger with the Research Institute "ELSIB."