Машиностроение

Ukraine's Bogdan Corporation may set up a joint venture in Russia for the production of trolleys and subway cars, together with Saint Petersburg's ‘Vagonmash’ company.

Sumy Frunze Machine Building [SMASH UZ, N/R], one of largest European producers of equipment for the oil, gas, and chemical industries, has reported that it finished 2008 with at a loss of USD 30.6 mln (UAH 162.342 mln).

New data issued by the press service of the Bogdan Corporation indicates that the Bogdan Automobile Plant [LUAZ UZ, BUY] boosted production in February, compared to January 2009, by 132%, representing an increased from 1,604 to 2,818 cars. In February, the plant manufactured 321 KIA cars, 222 Hyundai cars, and 2,275 VAZ cars.

The Kharkiv-based OJSC Turboatom [TATM UZ, HOLD] – the largest turbine manufacturer in Ukraine – has signed a new contract valued at USD 19.5 mln (UAH 150 mln using the exchange rate of UAH 7.7 per USD).

Kryukiv Railcar [KVBZ UZ, U/R] released its official preliminary 2008 financials on March 4. Highlights of the P&L (using exchange rates of USD/UAH 5.27 for FY08 and 5.05 for FY07) include net income at USD 75.9 mln (up 91.6%).

Sumy Frunze Machine Building [SMASH UZ, N/R], one of largest European producers of equipment for the oil, gas, and chemical industries, has reported that it has secured a new contract with the Russian company ‘PH-Purneftegaz’, which is a second largest subsidiary of the petroleum company ‘Rosneft’.

Dniprovagonmash [DNVM, U/R], the large domestic carriage producer owned by TAS Group, has announced its financial results for 2008.

Ukrzaliznitsya (UZ) signed a leasing agreement with Luhanskteplovoz [LTPL UZ, U/R] for the supply of six electric locomotives, four electric trains, two diesel trains, and one shunting locomotive.

Zaporizhtransformator [ZATR UZ, N/R] – the world's largest manufacturer of transformer equipment – has announced its intention to supply 11 transformers to the Iranian company MAPNA (Iran Power Plant Project Management Company). The contract, which is worth EUR 19 mln, is to be fulfilled by April 2010.

The Bogdan Automobile Plant [LUAZ UZ, BUY] has issued a press release stating that the company finished with an overall loss of UAH 317.744 mln.