Machinery

The 8M08 results for car production of the Bogdan Automobile Plant [LUAZ UZ, BUY] demonstrate 93.5% growth YoY. In August the company assembled 11,064 vehicles, amongst which were 2,773 KIAs, 5,334 Hyundai, and 2,957 VAZ cars.

On August 29, shareholders of the Bogdan Automobile Plant [LUAZ UZ, BUY] approved the issuance of 1,100 ordinary shares, which accounts for 33% more than the current number of shares.

Kryukiv Railcar [KVBZ UZ, BUY] has won a tender for the supply of 5 thsd hatch covers for gondola railcars to the "Belzheldorsnab" company in Belarus.

At the shareholders’ meeting of AZOVMASH, based on a unanimous vote, the decision was taken to reorganize the company from an OJSC (Open Joint-Stock Company) to a CJSC (Closed Joint-Stock Company).

Zaporizhtransformator [ZATR UZ, N/R], has passed an audit for its correspondence with international standards ISO 9001:2000. In particular, the reporting on the environmental facets and safety aspects of the enterprise was highlighted.

The State Railway Monopoly of Ukraine, Ukrzaliznytsya (UZ), has updated its rolling stock of USD 565 mln in 2008. The money was spent for purchases of 176 passenger railcars, 699 freight railcars, 20 electric locomotives bought through a leasing contract, 3 thermo locomotives, 8 trains, 4 rail buses, among other acquisitions.

According to the official web site of the State Enterprise National Nuclear Energy Generating Company Energoatom, it and the concern Alstom discussed the possibility of modernizing the rotors and condensers for the turbines of Ukrainian NPPs.

As reported by the press service of Sumy Frunze Machine Building [SMASH UZ, N/R] on Thursday, August 21, the company will deliver exhaust-heat boilers and steam condensers to Alchevsk ISW [ALMK UZ, BUY]. The value of the contract is USD 12.2 mln.

On August 20, the Kyiv Municipal Commission on Transport and Communications began a review of its subway development program for 2008-2011.

On August 20, Kryukiv Railcar [KVBZ UZ, BUY] agreed to supply 1,000 gondola railcars to the company Arcelor Mittal Krivoi Rog (Dnepropetrovsk Region). The contract intends to be accomplished by April 2009.