In December 1959, production began in "Neftekhimmash", Mayachny, Kumertau, Republic of Bashkortostan, Russian Federation. Manufacturing facilities were located in the premises of a shut down coal mine. Since 1959, "Neftehimmash" produced pressure vessels for the upstream, refining and petrochemical industry. "Neftekhimmash" primarily manufactured and repaired equipment for chemical, petrochemical, oil refineries and facilities associated with handling and storage of explosive and toxic substances.
In March 2017 "OILTEAMMASH", was established on the basis of the "Neftekhimmash", Republic of Bashkortostan.
1 June 2017, "OILTEAMMASH" received residential status with the territory of priority social and economic development of Kumertau area.