Specializes in the manufacture of power turbines, and is the largest turbomachinery company in Russia; production of steam turbines, hydroturbines, and gas turbines; manufacture of steam turbines for 1000-megawatt nuclear power stations; has orders to provide steam turbine equipment to customers in China, India, and Iraq; reportedly contracted in October 1999 to supply 1000-megawatt turbines to the Bushehr nuclear project in Iran; reportedly supplying 1000-megawatt turbines to the Lianyungang nuclear power station in China; reportedly will manufacture the turbogenerator and steam turbine for the Kudankulam power reactors in India.

Partners include the JSC Turbine Blade Plant ("Zavod Turbinnykh Lopatok" - supplies blades for steam and gas turbines, including moving blades for high temperature gas turbines); Elektrosila (supplier of complete power equipment for power stations, including electric generators for steam, hydraulic and gas turbines, and thyristor starting devices); Izhorsky Zavody (supplier of high quality forgings for the manufacture of shafts and turbine disks, and LMZEngineering, which manufactures and commissions main and auxiliary equipment for steam, hydraulic and gas turbine plants; in 2000, LMZ became a founding affiliate of the Power Machines Group, which also includes the Turbine Blades Plant (ZTL), Elektrosila, Kaluga Turbine Works (KTZ), the sales company Energomachexport and the I. I. Polzunov Scientific and Development Association on Research and Design of Power Equipment (NPO CKTI).

LMZ-Engineering is an LMZ subsidiary which manufactures and commissions main and auxiliary equipment for steam, hydraulic and gas turbine plants, develops technological lines for the generation of electrical power and heat, and provides consulting services for power source lines; LMZ was established in 1857.