OREANDA-NEWS. January 19, 2011. In December of 2010 free-standing business units were established on the basis of three business subdivisions of Vladimir Production Association Tochmash OJSC (Vladimir, included into Rosatom’s fuel company TVEL).

Their names are — Tochmash Auto LLC (automobile manufacture), Pioner IF LLC (machine tool manufacture) and Stankomash LLC (instrument manufacture).

The area of Tochmash Auto LLC premises is 23.5 thousand sq. m., the number of employees — 589 people, the company specializes in production of electrical equipment for the automotive-tractor industry. Stankomash LLC premises are about 7,200 sq.m, the number of employees — 158 people. The area of Pioner IF LLC premises is 5,300 sq.m, the number of employees — 239 people.

The parent company owns 99.9% of their authorized capital.

Reorganization of Tochmash OJSC is carried out within the framework of the New Look program. Transfer of non-core assets to associated companies will allow the enterprise to reduce the costs, increase labor productivity and salary, and finally improve the competitive ability of Tochmash OJSC products and its position at the market. In the beginning of 2011 another two services of Tochmash will become its subsidiaries and associates: repair and energy and repair and engineering facilities.