OREANDA-NEWS. June 02, 2010. OMZ Group has signed a general strategic partnership agreement with two leading Russian engingeering research institutes, OAO Scientific and Production Facility 'Central Scientific and Research Institute for Engineering Technology (OAO NPO TsNIITMASH) and OAO Joint Stock Holding Company 'Russian Scientific, Research and Development Institute for Metallurgical Engineering VNIIMETMASH named after academic Tselikov (OAO AHK VNIIMETMASH).

The agreement aims to develop mutually beneficial cooperation, involving rapid technological and production modernization, development and implementation of new modern materials and design projects for OMZ Group companies, building upon the existing scientific and research potential of all parties, as well as existing and perspective intellectual property. The parties will aid each other in promotion of their products, develop mutually beneficial technical and marketing policy, ensure competitive advantages for the participants' products.