The story
NPO ELSIB's history dates back to the 1950s, when it was founded as the "Novosibirsk turbogenerator plant." In 1957 the company achieved its first foreign exports. By the end of the 1960s, the company became one of the leading players of the Russian machine building sector. In 1988, the enterprise was transformed into the Research and Production Corporation "Sibelectrotyazhmash." In 1992 it became the JSC "ELSIB," which was then transformed into the present company in 2001, by a merger with the Research Institute "ELSIB."
From Wikipedia’s article on NPO ELSIB, shared under CC BY-SA 4.0.4