The company CJSC Praxis Engineering was established in 2011 as a venture company specializing in commercialization of innovations in the field of wear-resistant materials and alloys used for producing wear parts of grinding and milling equipment for power industry, cement production and other types of industries.
The first venture project was a project for extending significantly (not less than 3 times) a life time of high-wear elements for the grinding mill equipment – their working parts, hammers and blowbars. In search for technology, the main specific criterion was its price competitive ability in respect to standard products – hammers and blowbars made of manganese steels (the most widespread brand of steel – Mangalloy 100g 13l).
During the period from 2011 to 2013 a technology has been developed (manufacture of products of bimetallic alloys) which increased service life of hammers and blowbars from 3 up to 6 times and made it possible to accomplish an assigned task. Moreover, a lot of technological tests performed enabled to find an optimal proportion of alloys and optimize constructional forms of the products for different types of equipment and operation conditions.
At present domestic pilot production allows us to produce up to 15t of bimetallic castings and 10t of wear-resistant monocastings per month for individual orders.
In 2014, based on the national market needs, export potential of bimetallic products and accordant to the strategy of the company it was decided to build a foundry with capacity of 1200t of bimetallic castings per year supplied with modern high-technology equipment and having experimental engineering center functioning on the basis of the foundry specializing in wear-resistant alloy manufacture and products made of these alloys.