Machinery

According to the First Deputy Director General of Ukrzaliznytsia (UZ), Mykola Lukhanin, the state railroad administration intends to spend UAH 4.9 bln (USD 636 mln at an exchange rate of UAH 7.7 per USD) on the development of its infrastructure in 2009.

The French company ‘Alstom’ is going to acquire a 25%+1 stake in the mother company of the Closed Joint-Stock Company ‘Transmashholding’ (TMH).

On March 31, Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – held its AGM in Zaporizhya. According to the company’s information, ZATR ended 2008 with net sales of UAH 3.323 mln (USD 627 mln at exchange rate of USD/UAH 5.3), which is up by 60% in comparison with 2007.

Kryukiv Railcar [KVBZ UZ, U/R] has announced the cancellation of its recent decision regarding the suspension of production activities, a decision that was taken upon receiving an order from Russia for production of 1,000 grain cars.

On March 27, Motor Sich [MSICH UZ, BUY] held its AGM in Zaporizhya, at which time it was revealed that the company ended 2008 with net sales of UAH 2.47 bln (USD 466 mln), which is up by 17%; however, net income dropped by 56 times to UAH 3.8 mln (USD 0.72 mln) in comparison with 2007.

Sumy Frunze Machine Building [SMASH UZ, N/R] - one of largest European producers of equipment for the oil, gas, and chemical industries – has secured a deal with the Russian company ‘Tsentratomkomplekt’, for which it intends to supply pumping equipment for nuclear power plants. The contract is worth RUR 230 mln (UAH 53.226 mln as of March 25). According to SMASH’s press service, the equipment is to be delivered by October 2009.

The Sumy Frunze Machine Building [SMASH UZ, N/R] company intends to deliver pumping equipment for nuclear power plants, valued at RUR 230 mln (UAH 53.226 mln or USD 6.8 mln as of March 25) to the Russian Tsentratomkomplekt company.

According to newly-issued data, the Kremenchug-based AvtoKrAZ holding company [KRAZ UZ, N/R] – the only Ukrainian manufacturer of heavy trucks – recorded a net profit of UAH 66.117 mln (USD 12.47mln) in 2008, which is 10.6% lower than the year before (UAH 73.98 mln).

According to officials from Motor Sich [MSICH UZ, BUY], the company ended 2008 with net sales of UAH 2.47 bln (USD 466 mln), which is up by 17%; however, net income dropped by 56 times to UAH 3.8 mln (USD 0.72 mln) in comparison with 2007.

The Luhansk-based Stakhaniv Railcar Works [SVGZ UZ, U/R], one of the largest wagon producers in Ukraine and part of the AvtoKrAZ holding, has announced the successful delivery of over 700 metric tons of welded metalware to the Poltava Ore Mining and Enrichment Plant, otherwise known as Poltava GOK [PGOK UZ, U/R].