Victor Mitenko, Chief Federal Inspector for St. Petersburg, has visited the Power Machines – Toshiba Joint Venture Company

Andrey Pishchikov, General Director of the company Power Machines – Toshiba. High Voltage Transformers, told of the company’s technologies and products as well as its sales markets and plans for the future. 

“Our products meet the most advanced world standards; among the company’s customers, there are such companies as RusHydro, FGC UES, Severstal, Sibur Holding and others.” – said Andrey Pishchikov in his welcoming address. After a short presentation, the guests were taken around the plant and shown the whole process flow for production of transformers.

“Power Machines – Toshiba. High Voltage Transformers is the most advanced and high technology company in the Kolpino District.” – commented Anatoly Povely. – “I feel especially proud that it is from our district that such products, so unique for Russia, are supplied both inside Russia and aboard.”

Background information:

OJSC Power Machines – Toshiba. High Voltage Transformers is a joint venture company between PJSC Power Machines and Toshiba Corporation. Implementation of the project began in September 2011 with the signing of the JV agreement between the companies and with construction of the plant to produce and supply power transformers in the territory of Russia. Power Machines owns 50.01 percent in the JV while Toshiba Corporation’s interest in the JV is 49.99%.

The setting-up of the JV with Toshiba Corporation is part of the Power Machines’ business strategy aimed at expanding the range of products made and creating energy efficient and research intensive products for the industry.

The main products of the plant are 110-750 kV, capacity over 25 MVA power transformers and auto-transformers, including three phase transformers.

Project capacity of the plant is more than 10 000 МVА a year.

Planned personnel headcount is approximately 350 employees.

The total volume of investments into the plant construction was on the order of RUR 5.5 bn.