VBM-Group OAO is a Russia-based holding company, which is engaged in provision of the functions of the management organization. The Company controls two companies: Volgaburmash AO, which is engaged in the production of drill bits for oil-and-gas and mining industries, and Uralburmash OAO, which produces cone rock bits. Volgaburmash AO. Additionally, Volgaburmash AO and Uralburmash OAO manufacture roller cone bits for construction industry, sell them on domestic market and export to Ukraine, Kazakhstan, the United States, Australia and Africa, among others.