Krasnodar is the center of the Krasnodarsky kray (region). The city is situated on the Kuban river and has a population of 631,000. Krasnodar was founded in 1793 and was known as Ekaterinodar until 1920. Oil processing and the building of oil-production machinery are the main industries of the city. There is a chemical plant as well as fur manufacturing in Krasnodar. It is the center of the ancestral region of the Kuban Cossacks.