What JSC Machine Building Plant ZiO-Podolsk does

JSC Machine Building Plant ZiO-Podolsk (АО «Подольский машиностроительный завод»), founded in 1919 and headquartered in Podolsk, Moscow Oblast, is a vertically integrated Russian energy machinery manufacturing group. The group designs, engineers, manufactures, installs, and commissions power equipment for thermal power stations and petrochemical facilities, including steam boilers up to 800 MW unit capacity, waste-heat recovery boilers, dry mechanical draft cooling towers, air cooling apparatus, mobile steam generator units for high-viscosity oil extraction, and water treatment systems. It maintains three production sites (Podolsk, Kashira with over 14,000 tons annual output, and Krasnoyarsk) and engineering subsidiaries (Ennova, ZiO-Energy), and recently acquired Borkhimash to extend capabilities in water treatment and air cooling.

The company sells exclusively on a project basis through direct enterprise tenders and negotiated contracts with large utility and industrial customers, primarily Russian state-owned and privately owned energy and oil & gas companies including RusHydro, PAO Mosenergo, Lukoil-Kubanehnergo, NOVATEK, Gazprom Energoholding Engineering, and international customers in Kazakhstan (ERG, Samruk-Energy, ArcelorMittal Temirtau, SSGPO) and Belarus (Minskaya TPP-3). Revenue is generated through three streams: hardware sales of equipment (primary), engineering and project management services bundled with supply contracts, and full turnkey construction of energy facilities. Pricing is contract-specific with no public list, and sales cycle is long-cycle enterprise procurement, including participation in the federal DPM-Shtrikh thermal power plant modernization program.

As of February 2024, the CEO disclosed an order portfolio of approximately 73.5 billion rubles across 29 active projects. The company reports a 107-year track record, more than 900 steam boilers delivered, and equipment installed at approximately 190 thermal power stations domestically and internationally. Membership in the Russian Union of Industrialists and Entrepreneurs since 2015 and in the national Labor Productivity project since October 2022 supports ongoing operational positioning, while the School-University-Factory talent pipeline with NRU MEI sustains engineering capacity.

Name

JSC Machine Building Plant ZiO-Podolsk

Legal name

Aktsionernoe obshchestvo "Podolsky mashinostroitelny zavod" (AO "ZiO")

Website

https://podolskmash.ru

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

11–50 employees

Short description

JSC Machine Building Plant ZiO-Podolsk is a Russian vertically integrated energy machinery manufacturer founded in 1919, designing and producing steam boilers up to 800 MW, waste-heat boilers, and cooling systems for thermal power stations and petrochemical plants, serving state-owned utilities (RusHydro, Gazprom, NOVATEK) and CIS industrial customers through long-cycle turnkey contracts.

Ownership category

akta.pro rank

Product category

Industrial Energy Equipment Manufacturing

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Oil & Gas Field Machinery & Equipment (3533), Industrial Process Furnaces & Ovens (3567)

akta.pro primary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

akta.pro secondary industries

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Power Generation Plant Construction (Thermal, Hydro, Nuclear) (IMAFADAC)

Keywords

• Steam boiler manufacturing
• Thermal power equipment
• Boiler island supply
• Waste heat boilers
• Petrochemical process equipment

Headquarters

HQ city

Shcherbinka, MO

HQ country

Russia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Energy equipment manufacturing and supply: Design, manufacture, and supply of energy equipment including steam boilers, waste-heat boilers, and petrochemical equipment. Revenue is generated through project-based contracts with utilities, energy companies, and industrial customers. The company operates as a general contractor delivering equipment for thermal power plant modernization and construction projects.
2. Engineering and project management services: Engineering services including feasibility studies, design, installation supervision, commissioning, and after-sales service. These services are bundled with equipment supply contracts and also provided independently.
3. Turnkey construction of energy facilities: Full-cycle project delivery from technical and economic justification, engineering, and manufacturing through to construction of facilities 'under key' including start-up and commissioning works and maintenance services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

JSC Machine Building Plant ZiO-Podolsk is a vertically integrated energy machinery group that designs, engineers, manufactures, installs, commissions, and services steam boilers (up to 800 MW), waste-heat boilers, cooling systems for thermal power plants, and process equipment for the oil, gas, and petrochemical industries. The company delivers full turnkey projects from technical and economic feasibility studies through engineering, production, construction, commissioning, and after-sales service. Its product lines cover energy boilers, boiler components and unit assemblies, thermal power plant cooling systems, and oil/gas/petrochemical equipment including mobile steam generators and air cooling apparatus.

Product overview

JSC ZiO-Podolsk (Podolsk Machine Building Plant) is a vertically integrated energy machine-building group providing full-cycle production from feasibility studies and engineering to manufacturing, installation, commissioning, and turnkey construction of energy facilities. The company operates four main product lines: (1) Energy/power boilers including steam boilers and waste-heat recovery boilers with unit capacity up to 800 MW; (2) Boiler components and unit assemblies; (3) Cooling systems for thermal power plants including dry ventilation cooling towers and air cooling apparatus; and (4) Equipment for oil, gas, and petrochemistry including mobile steam generators, direct-flow and drum boilers, heating furnaces, and water treatment systems. The group includes production facilities in Podolsk, Kashira (metal structures and boiler manufacturing), and Krasnoyarsk (boiler plant).

Differentiator

Problem solved

Functional benefit

Products and services

• Energy boilers (steam boilers) Power boilers operating on various types of organic and inorganic fuel with unit capacity up to 800 MW, including waste-heat recovery boilers, supplied to thermal power stations and industrial customers.
• Boiler components and boiler unit assemblies Complete equipment and component units for boilers including structural elements, accessories, and modular assemblies supplied as standalone or as part of the boiler island.
• Cooling systems for thermal power plants Cooling system equipment for thermal power stations including dry ventilation (mechanical draft) cooling towers and air cooling apparatus, including the first air cooling equipment supplied in Russia under the import substitution program.
• Equipment for oil, gas, and petrochemistry Equipment for the oil and gas industry including air cooling apparatus, mobile steam generator units for high-viscosity oil extraction, direct-flow and drum boilers for steam generator plants, heating furnaces, and systems for water treatment and wastewater treatment.
• Boiler units type E-540-13.8-560GM 540 t/h capacity boiler units with steam parameters 13.8 MPa and 560°C, designed to replace obsolete 210 t/h steam boilers at thermal power plants during modernization projects.
• Steam boilers type E-320-13.8-555G Steam boilers with capacity of 320 t/h and steam parameters of P=13.8 MPa and T=555°C, designed for operation as part of steam boiler plants supplying steam to technological installations of gas-chemical complexes.
• Engineering and turnkey project delivery services Engineering, installation supervision, commissioning, and after-sales service for energy facilities, delivered as bundled services with equipment supply contracts or independently, covering feasibility studies, design, construction under 'turnkey', and maintenance.

Quantifiable outcome

• Equipment supplied to ~190 domestic and foreign thermal power stations
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Borkhimash (acquisition)coreStrategic or Co-development Partner · 1 January 2026ZiO acquired Borkhimash, bringing additional experience, technologies, and a team including Dmitry Kanevsky (former Technical Director of Voronezh-Aqua, now Chief Technologist) and Alexander Lifanov (former CEO of Oylgazmash, now heading air cooling systems direction). This acquisition strengthens capabilities in water treatment and air cooling systems.
• ERG (Eurasian Group), KazakhstancoreStrategic or Co-development Partner · 21 July 2025ZiO signed a long-term contract with ERG Kazakhstan to supply a 950 t/hr steam boiler installation for AEK (Aluminum of Kazakhstan) power station. The contract also includes localization of part of the boiler equipment production at ERG Service facilities in Kazakhstan. Project duration over 2.5 years with 20 months for equipment delivery. The partnership aims to reduce costs, utilize local production capacity, and build competencies at ERG Service.
• AO Samruk-Energy, KazakhstancoreStrategic or Co-development Partner · 25 April 2024Memorandum of cooperation signed between AO ZiO and AO Samruk-Energy for joint participation in energy sector projects in the Republic of Kazakhstan. Aligned with Kazakhstan's Energy Efficiency Concept (2023-2029) and the plan to introduce 26 GW of new generating capacity. The partnership builds on over 15 years of successful cooperation supplying boilers for Kazakhstani power stations.
• OOO GEKh Inzhiniring (Gazprom Energoholding Engineering)coreStrategic or Co-development Partner · 1 January 2023ZiO won a tender and signed contract for the supply of waste-heat boilers for a new 330 MW power station in the settlement of Chulman, Neryungrinsky District, Republic of Sakha (Yakutia). Contract term: September 2023 to April 2025.
• PAO RusHydrocoreStrategic or Co-development Partner · 1 January 2022Long-standing strategic partner for the supply of multiple boiler units. ZiO supplies three 540 t/hr boilers for Vladivostok TPP-2, two waste-heat boilers for Khabarovsk TPP-4, two boilers for Yakutsk GRES-2, and two boilers for Partizanskaya GRES under various contracts.
• AO Tek Mosenergo (contractor for Baltic Chemical Complex)coreImplementation/ SI/ Consulting Partner · 1 January 2022Contract for design, manufacture, and supply of three 320 t/hr steam boilers (E-320-13.8-555G) for the gas-chemical complex in Ust-Luga, Leningrad Oblast, as part of the Baltic Chemical Complex project. Project involves CC7 (Chinese National Chemical Engineering and Construction Corporation Seven) as EPC contractor.
• AO TK MOSEenergocoreStrategic or Co-development PartnerContract for supply of boiler-utylizator (waste-heat boiler) for new power unit at Moscow TPP-25. Project ongoing as of late 2023.
• OOO SGK (AO SibER)minorStrategic or Co-development PartnerSupply of boiler and boiler-auxiliary equipment for Primorskaya GRES. Equipment for boiler St. No. 12, Block No. 8 of Primorskaya GRES.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Harbin Boiler Co. Major Chinese power boiler manufacturer producing utility-scale steam boilers similar to ZiO's 540 t/hr and 800 MW class equipment. Comparable in product range, customer base (utilities and industrial operators), and participation in CIS and emerging-market thermal power projects.
• Dongfang Boiler Group: One of China's three large state-owned power boiler manufacturers, producing utility-grade circulating fluidized bed and pulverized coal boilers for thermal power plants. Directly comparable to ZiO in capacity range, fuel flexibility, and EPC delivery model for thermal power projects.
• Power Machines (Silovye Mashiny): Russia's largest turbogenerator and power equipment manufacturer and historical direct competitor to ZiO. Both serve Russian utilities and CIS operators with full-cycle power equipment, making this the closest direct domestic peer for thermal power plant boiler and turbine-adjacent contracts.

Broad incumbents

• Shanghai Electric: Large Chinese diversified power equipment conglomerate producing boilers, turbines, and generators, with active CIS export programs. Comparable vertical integration and EPC capability, with broader scale and stronger state-backed financing.
• IHI Corporation: Japanese industrial manufacturer producing power boilers and heat transfer equipment for thermal power and petrochemical applications. Overlaps with ZiO's petrochemical equipment line and high-capacity steam boiler offerings for industrial customers.
• Doosan Enerbility: Korean power equipment OEM producing boilers, turbines, and full EPC solutions for thermal power plants. Comparable in product portfolio and EPC capabilities, with a broader global footprint but similar exposure to mega-project thermal power construction.
• Babcock & Wilcox: Long-established US-headquartered boiler and heat exchanger manufacturer with global installed base. Highly comparable in steam boiler and waste-heat recovery technology, though ZiO is more focused on CIS/Russian markets and difficult-fuel specialization.
• Mitsubishi Power: Japanese major with utility-scale steam boilers, gas turbines, and integrated power generation systems. Overlaps with ZiO in steam boiler and waste-heat recovery for thermal power plants, though serves a more diversified global customer base.

Emerging players

• Cockerill Maintenance & Engineering (CMI Energy): Belgian-headquartered boiler manufacturer with strong presence in waste-to-energy and industrial heat recovery boilers. Comparable in specialized boiler engineering for difficult applications and decarbonization-related heat recovery, though smaller in pure utility-scale steam boiler capacity.
• Thermax Limited: Indian energy and environmental solutions provider offering industrial boilers, waste-heat recovery systems, and heating solutions. Comparable in waste-heat boiler and process equipment offerings, with growing presence in emerging markets that competes with ZiO's export ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jsc-machine-building-plant-zio-podolsk

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JSC Machine Building Plant ZiO-Podolsk