UPEC Industrial Group is one of the largest private companies in Ukraine, which are engaged in machine-building business. UPEC is a manufacturer of components, units and equipment for railway transport, automobile, agricultural, machine-building and metallurgical industries. Company’s customers are practically all conveyor-production enterprises of the Commonwealth of Independent States. The Company was founded in 1995 and now it is developing as a client-oriented engineering industrial group. Its mission is to develop high intellectual industry as a base for the country’s economy and to be a leader in the area of engineering designs for basic branches of industry. UPEC heads for cardinal engineering and production re-equipment, based on respect to traditions of the brands and provision of engineering continuity of manufactured products. Being a company oriented to future, UPEC is investing considerable funds in the research and engineering developments. Research and engineering base of the UPEC Industrial Group includes: the united engineering centre, departments of product development, main engineering centers. The Group innovation activity is coordinated by the Scientific and Technical Council. Strategic objective of UPEC is to create a new generation of globally competitive high-tech products, which will provide sustainable development of the Company and prosperity growth of its personnel. Industrial Group UPEC incorporates a number of leading machine-building enterprises with more than half a century history: ‘Kharkov Bearing Plant’ (HARP) ‘Oskol Bearing Plant’ (HARP-Russia) ‘Lozova Forging-Mechanical Plant’ (LKMZ) ‘Kharkov Electro-Technical Plant‘ "Ukrelectromash" (HELZ) ‘Kharkov Machine Tool Building Plant’ (HARVERST) ‘Ukrainian Casting Company’ (ULK)