Машиностроение

Motor Sich [MSICH UZ, U/R] has signed a contract with the Chinese company Tianli for the licensed repair licensed repair of ÀI-25TLK engines for K-8J VPS training aircraft owned by the Chinese Air Force. According to the Industrial Policy Ministry of Ukraine, these are scientific-training aircraft.

The Open Joint-Stock Company Dniprovagonmash [DNVM UZ, BUY], a large Ukrainian railcar producer, released its results for the period January-September 2008. The company’s plant increased railcar output by 17% to around 3,000 units, compared to its results for the first nine months of 2007.

According to an official announcement made by the Ukrainian Antimonopoly Committee, it has approved the option for Kryukiv Railcar [KVBZ UZ, BUY] to purchase a controlling stake in the Kremenchug Steel Plant [KRST UZ, N/R].

The European Investment Bank (EIB) is to provide a loan of EUR 175 mln to Ukrzaliznytsia, the state rail transport administration. This credit will be allocated for the replacement of railway rolling-stock. Prime Minister Yulia Tymoshenko made this announcement at Wednesday’s Cabinet of Ministers` meeting.

Kryukiv Railcar [KVBZ UZ, BUY] has completed the construction of its assembly and welding shop within its railcar-building complex in Kremenchug, Poltava Region.

Yesterday, the Bogdan Corporation suspended the construction of its plant in Russia, which was intended for the production of buses and passenger cars. The site was to be in the Nizhny Novgorod Region.

For the period January-October 2008, Ukraine’s Bogdan Automobile Factory [LUAZ UZ, BUY], previously known as the Lutsk Automobile Plant (LuAZ), raised its car output by 82.6% to 77,720 cars from 42,563 cars for the same period in 2007. This data was released by the Bogdan Corporation.

The Bogdan Corporation, one of the largest producers on the Ukrainian automobile market, has won a tender for the supply of 83 buses to Batumi, Georgia. Serhiy Krasulia, the Press Secretary of the Bogdan Corporation, explained that these are small class A 092 buses. They were ordered by the Batumi City Administration.

Sumy Frunze Machine Building [SMASH UZ, N/R], one of largest European producers of equipment for the oil, gas, and chemical industries, plans to supply four gas pumping devices worth USD 65 mln to Russia’s natural gas monopoly Gazprom for use at the Griazovetskaya compressor station. The deal is worth USD 65 mln and is to be completed by July 2009, the contract for which was signed back in September.

The Open Joint Stock Company ‘Azovmash’ has increased its sales in the first ten months of 2008 up to UAH 5.3 bln. This represents a significant increase of 60% over the same period last year. This information was disclosed by the company’s press service.