Машиностроение

At the shareholders’ meeting of AZOVMASH, based on a unanimous vote, the decision was taken to reorganize the company from an OJSC (Open Joint-Stock Company) to a CJSC (Closed Joint-Stock Company).

Zaporizhtransformator [ZATR UZ, N/R], has passed an audit for its correspondence with international standards ISO 9001:2000. In particular, the reporting on the environmental facets and safety aspects of the enterprise was highlighted.

The State Railway Monopoly of Ukraine, Ukrzaliznytsya (UZ), has updated its rolling stock of USD 565 mln in 2008. The money was spent for purchases of 176 passenger railcars, 699 freight railcars, 20 electric locomotives bought through a leasing contract, 3 thermo locomotives, 8 trains, 4 rail buses, among other acquisitions.

According to the official web site of the State Enterprise National Nuclear Energy Generating Company Energoatom, it and the concern Alstom discussed the possibility of modernizing the rotors and condensers for the turbines of Ukrainian NPPs.

As reported by the press service of Sumy Frunze Machine Building [SMASH UZ, N/R] on Thursday, August 21, the company will deliver exhaust-heat boilers and steam condensers to Alchevsk ISW [ALMK UZ, BUY]. The value of the contract is USD 12.2 mln.

On August 20, the Kyiv Municipal Commission on Transport and Communications began a review of its subway development program for 2008-2011.

On August 20, Kryukiv Railcar [KVBZ UZ, BUY] agreed to supply 1,000 gondola railcars to the company Arcelor Mittal Krivoi Rog (Dnepropetrovsk Region). The contract intends to be accomplished by April 2009.

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.