The construction of the Ural Heavy Machinery Plant began in 1926, and in 1928 a special "socialist city [ru]" for its workers was also elected.

It was reported, for instance, that the majority of the plant's machinery was provided by foreign companies "Hydraulik, Schlemann and Wagner", "Krigar", "Sheppard", "AEG", "Mars-Werke", and others.

[6] The plant manufactured its products (blast furnace equipment, sintering machines, rolling mills, presses, cranes, etc.)

Артиллерия Красной Армии и Вермахта Второй мировой войны [The artillery of the Red Army and Wehrmacht during the World War II] (in Russian).

[7][8] A year later, the plant expanded its production of assault guns and began to manufacture SU-85, SU-100, and tank destroyers based on the basic T-34 design.

[9] The self-propelled gun mounts built at Uralmash demonstrated their effectiveness on the battlefield as a successful combination of maneuverability of T-34 tanks and huge firepower of ordnance pieces.

[citation needed] The drilling rigs manufactured by Uralmash were of prime importance in the development of oil and gas regions of the USSR, including West Siberia, with its severe climate.

The extra deep drilling rigs designed and manufactured at the plant made it possible to reach the depth of 13 km, like at the Kola Superdeep Borehole, and to obtain for the first time rock samples approximately 3 billion years old.

[15] In accordance with Russian Federation law, Uralmash was transformed in December 1992 into an open-end joint stock company under the name "The Ural Heavy Machine Building Plant".

[16] In 1996 Uralmash became a part of OMZ, one of Russia's largest engineering corporations, founded and initially led by Kakha Bendukidze.