Evropeyskaya Elektrotekhnica Group of Companies concluded a direct partnership agreement with ABB Ltd. concern, a world leader in the sphere of technology for electric power and automation
Evropeyskaya Elektrotekhnica Group of Companies concluded a direct partnership agreement with ABB Ltd. concern, a world leader in the sphere of technology for electric power and automation
August 28, 2018. August 24, 2018. Moscow – Engineering Center Evropeyskaya Elektrotekhnica LLC, which is a part of Evropeyskaya Elektrotekhnica Group of Companies (hereinafter — the Group), has concluded a direct partnership agreement with European ABB Ltd. concern (hereinafter — the Concern), represented by ABB LLC, the Russian representative office of the Concern.
ABB Ltd. concern is recognized as a world leader in the sphere of providing technology for electric power industry and automation. The Concern has more than 130 years of experience in the development and launch of innovative engineering solutions.
The agreement provides the Group with:
- direct access to the latest developments and products of ABB concern, continuous development of skills and competencies for the engineering and manufacturing units of the Group,
- support from the ABB representative office in implementing complex and large projects for key customers of the Group,
- the most competitive commercial terms and conditions for the use of ABB concern products and solutions.
With regard to this development, Irina Kozlova, the head of the ABB Russian representative office (ABB LLC), made the following statement: "Our company is pleased to welcome Evropeyskaya Elektrotekhnica Group as an official Partner. We highly appreciate the potential of the Russian market; in 2018, the Concern celebrates the 30th anniversary of its presence in Russia. Taking into account the digitalization of the Russian economy and ongoing infrastructure upgrades, we have a wide range of solutions to offer to Russian clients in various sectors."
Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on this event: "For our Group of Companies, going into a new phase of our business relationship with ABB, a global leader in providing engineering solutions, signifies a further expansion of opportunities to implement projects in Russia. This agreement will significantly strengthen our competitive position with regard to supplying engineering solutions to our long-term clients, and will also provide the opportunity to acquire new types of customers."
About ABB concern
ABB (Asea Brown Boveri Ltd.), a Swedish-Swiss company, is a global technology leader in the areas of electrical equipment, robotic technologies, motion mechanisms, industrial automation and electrical grids. The Сompany works with customers in the fields of the electric power industry, manufacturing industry, transport and infrastructure. 130 years of innovative experience enable ABB to shape the future of industrial digitalization and contribute to the development of the electric power sector and the fourth industrial revolution. In 2018, ABB celebrates its 30th anniversary of successful activity on the Russian market.
As the General partner to the world's only international series of races on Formula E electric vehicles, which is organized by the International Federation of Motorsport, ABB opens new horizons for the development of electric vehicles for an environmentally safe future.
ABB successfully operates in more than 100 countries, with a total number of employees exceeding 147,000 people. In 2017, the Concern's revenue reached USD 34.3 billion, its net profit reached USD 2.2 billion, and the volume of orders amounted to USD 33.4 billion.
REFERENCE: Past experience of Evropeyskaya Elektrotekhnica Group of Companies with regard to building relations with global market leaders in engineering solutions:
· In June 2017,Schneider Electric (France) certified an assembly plant of Engineering Center Evropeyskaya Elektrotekhnica LLC for assembling low voltage switchboard equipment with a current limit of up to 3200A from the components of this vendor;
· In September 2017, Roxtec (Sweden) selected Evropeyskaya Elektrotekhnica Group as its main partner in Russia for development of modular systems of cable and pipe penetrations on the market; the Swedish company produces this equipment in the Russian Federation;
· In August 2018, ABB Ltd. (Sweden-Switzerland) concluded a direct agreement with the Group; the Group received the status of official Partner of the ABB concern.
About the Group of Companies PJSC Evropeyskaya Elektrotekhnica
PJSC Evropeyskaya Elektrotekhnica (MOEX: EELT) provides comprehensive services in the sphere of creating energy and electric power supply systems, electric lighting systems, and low current systems at all types of facilities, as well as industrial electric heating systems.
The Company has been working in the electrical engineering market since 2004, and at present has its own engineering and production facilities. The Company is one of the leading distributors of electrical equipment in Russia, offering customers a wide range of products made both in Russia and abroad. Thanks to a well-organized and efficient logistics system, the Company is able to supply products (including oversize loads) all over Russia, including to hard-to-reach areas of the North, as well as Belarus, Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan. The Company established its own production of transformer substations, electric switchboard equipment of any complexity (up to 6300 A), electric lighting systems and electric heating systems.
The Company implements projects in the oil and gas sector, electric power sector, nuclear industry, metal industry, mining industry, and manufacturing industry and at transport infrastructure facilities. Evropeyskaya Elektrotekhnica's customers include companies such as Rosneft, Gazprom, NOVATEK, LUKOIL, and Nizhnekamskneftekhim. The Company's projects include Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, and the Domodedovo, Sheremetyevo, and Pulkovo airports, etc.
Since 2018, the Group has been producing highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets at the site of its subsidiary ROG-Engineering, a research and production company in Ufa (Republic of Bashkortostan, Russia).
Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS, 2017): RUB 2.6 billion in revenue, RUB 134.7 million in net profit, RUB 1.2 billion in assets. The number of employees is about 400 (as of June 30, 2018). Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.
In June 2018, the Company was named "Leader of Import Substitution" at the "Leader of Competitive Sales" annual national awards, in which 450 domestic suppliers from various industries took part.
Contacts:
PJSC Evropeyskaya Elektrotekhnica
Tel .: +7 (495) 640-93-48
Mailing address: Building 3, 1 Lyotchika Babushkina St., Moscow, 129344
Press contact Contact for investors and analysts
www.euroet.ru www.euroetpao.ru
For more information, please contact:
Stanislav Martyushev
Director for Corporate Communications and Investor Relations
PJSC Evropeyskaya Elektrotekhnica
Tel. +7 (495) 640-93-48, ext. 164
