Машиностроение

According to the press service of Sumy Frunze Machine Building [SMASH UZ, N/R] – one of Europe’s largest producers of equipment for the oil, gas, and chemical industries – the company will deliver three gas turbine power generation units to a Russian company, Surgutneftegaz by mid-October 2009.

In May 2009, the Ukrainian car market recorded a 74% drop compared to the same period in 2008, according to Auto Consulting. Car production in May was almost at the level of April’s output with 12.7 thsd units.

According to the CEO of Vneshtorgbank Ukraine (VTB), one of the Russian’s largest state owned banks, VTB has opened a credit line of USD 80 mln. to Ukraine’s largest passenger car producer, UkrAvto [AVTO UZ, N/R], for production development and customer auto loan support.

In an interview with Ukrainian News, Oleg Svinarchuk, President of Bogdan Automobile Plant [LUAZ UZ, U/R], claimed that the company has reduced its expectations regarding plant capacity utilization from 60-70% to 20-40%.

According to a press release from Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – the company has modernized its winding equipment, which includes three vertical and one horizontal winding machines.

According to RIA news, on June 2, an international conference between Ukraine and Russia regarding aviation engine production will take place in Zaporizhya. Motor Sich [MSICH UZ, BUY], a large aviation engine producer in Ukraine, will be one of the key bidders on engine development for the MC-21 long-haul aircraft. The first test flight of the new MC-21 aircraft is planned for 2015. The value of the new aircraft project development estimated at USD 8 bln.

According to a Kremenchug city employment center, Kryukiv Railcar [KVBZ UZ, U/R], based in Kremenchug (Poltava Oblast), has decided to lay off an additional 796 employees in July. The main reason for decreasing the staff count is the absence of orders for freight raicars. KVBZ had about 9 thd employees before the start of the crisis in the railcar production industry (October 2008).

According to a press release, Ukraine’s largest passenger vechilcle producer, UkrAvto [AVTO UZ, N/R], which includes the ZAZ car assembly plant, recorded EBITDA USD 33 mln and pre tax profit at level of USD 10.4 mln in 1Q09.

According to the press service of Sumy Frunze Machine Building [SMASH UZ, N/R] – one of Europe’s largest producers of equipment for the oil, gas, and chemical industries – the company will complete the delivery compressors to Gazrprom by the end of June 2009.

According to a press release, Kharkiv-based OJSC Turboatom [TATM UZ, HOLD] – the largest turbine manufacturer in Ukraine – has completed delivery of power equipment to “Naglu’ Hydro Power Plant (HPP) in Afghanistan. The value of this order is USD 3.4 mln.