OREANDA-NEWS. On January 14, 2009 UMBH (Ukrainian Machine Building Holding) Limited (Cyprus) owned by SCM Group has received the clearance from Antimonopoly Committee of Ukraine to concentrate over 50% of the charter capital of Donetskgormach, reported the press-centre of SCM Group.

At the moment SCM Group owns 24.99% of the charter capital of Donetskgormach. Once all formalities of the purchase and sale transaction are over, this machine building enterprise will become a part of SCM Group. The deal is expected to be finalized within next several months.

Along with Donetskgormach SCM Group owns controlling interest in four machine building assets - Donetsk Power Equipment Plant, Druzhkovka Heavy Engineering Plant, Sverdlovskiy Heavy Engineering Plant, Gorlovskiy Mashinostroitel Heavy Engineering Plant; now the Company is in process of gaining control over Ukrtransmash and Kamenskiy Machine Building Plant (Russia).

At the moment one of SCM's heavy engineering priorities is to build a portfolio of machine building assets with a controlling interest. After that we are going to analyze the capabilities of each of the machine building enterprises of the Group and define the final configuration of this business area.