Машиностроение

Kryukiv Railcar [KVBZ UZ, U/R], based in Kremenchug (Poltava Oblast), decided to pay dividends for 2008. KVBZ’s EPS’08 is UAH 3.49, which is a 50% increase compared to the previous year; DPS’08 is UAH 0.5, which is 500% higher than DPS’07. Dividends will be paid out over May-June 2009.

Dneprovagonmash [DNVM UZ, U/R], a large domestic carriage producer owned by TAS Group, has announced plans to decrease railcar production by 42.21% to 1880 units due to low demand for new railcars in the CIS.

On April 22, Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – announced that it will supply transformers to Central Asian countries in Q42009.

The Luhansk-based Stakhaniv Railcar Works [SVGZ UZ, U/R], one of the largest wagon producers in Ukraine and part of the AvtoKrAZ holding, announced that company has recently finished the production of 100 platforms for a Latvian railway and started the production of 300 mineral hoppers for a Russian client.

Ukraine’s state railroad transport administration, Ukrzaliznytsia, announced it will be holding a tender for the purchase of 1,000 freight cars, which are intended for use on the Donetsk Railway.

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 gas monopoly ‘Gazprom’, whereby it will supply six turbo freezer aggregates.

The Svarog Asset Management company, which owns 14.94% of shares in the Kharkiv-based OJSC Turboatom [TATM UZ, HOLD] – the largest turbine manufacturer in Ukraine – is challenging the legitimacy of decisions adopted at the recent shareholders meeting on April 13, including the decision to pay out UAH 50.884 mln in dividends on the company’s 2008 profits.

According to the Interfax agency, the Ukrainian subsidiary of Russia’s Sberbank is opening a floating line of credit for Azovmash, which is valued at USD 17.2 mln.

Kryukiv Railcar [KVBZ UZ, U/R], based in Kremenchug (Poltava Region), has fulfilled a contract for the supply of 200 special platforms to Latvia, according to the company’s press service.

According to a press release issued by the Bogdan Automobile Plant [LUAZ UZ, U/R], the company decreased production by 68% YoY to 6,063 cars in 1Q2009. In March, production dropped by 27.9% MoM to 2,031 cars, of which 794 cars were made as SKD assembly and 1,237 as CKD assembly.