Machinery

The Holding Company (HC) “Luganskteplovoz”, a Ukrainian monopolist manufacturer of mainline freight locomotives increased production in January-July more than four-fold over the same period in 2007 – rising to USD 123 mln.

The Automobile Plant "Bogdan" [LUAZ, BUY], a member of the Bogdan Corporation, increased its production of passenger cars by 80.2% YoY in the period January-July 2008 - up to 50.4 thsd units.

Mr. Sergei Shpak, the CEO of UPTK, has been appointed as the CEO of the Mariupol Investment Group (MIG), the Company that owns 66% of UPTK, which in turns owns a 50% - 1 share in the Azvomash machine building holding.

Kryukiv Railcar [KVBZ, BUY] has bought a 75% stake in the Kremenchug Metal Products Plant.

Turboatom [TATM, HOLD] won the tender for upgrading a K-300-240-2 turbine at the first power generating unit of the Zuev TPP (Vostokenergo, Donetsk Region).

Ukrainian turbine producer, Turboatom [TATM, HOLD], will supply 4 turbines for Russian Egorlyk hydro power plant worth USD 1 mln by the end of 2009.

Sumy Frunze (SMASH, N/R), one of largest European producers of equipment for the oil and gas and the chemical industries, has signed a EUR 18.9 mln contract with the Russian Surgutneftegaz to supply three turbocompressor units for the reconstruction of an oil compressing station by September 2009.

Automobile plant “Bogdan” [LUAZ, U/R] reported 1H08 net income increase of 6 times YoY amounting to USD 29.7 mln.

Automobile plant “Bogdan” [LUAZ, U/R] reported 1H08 net income increase of 6 times YoY amounting to USD 29.7 mln.

In July, Kryukiv Railcar [KVBZ UZ, BUY] joinly purchased a finishing milling center with the mobile column of the Czech company TOS KURIM that will be used for processing details for passenger railcar and subway car trucks.