Машиностроение

Kryukiv Railcar [KVBZ, BUY] has bought a 75% stake in the Kremenchug Metal Products Plant.

Turboatom [TATM, HOLD] won the tender for upgrading a K-300-240-2 turbine at the first power generating unit of the Zuev TPP (Vostokenergo, Donetsk Region).

Ukrainian turbine producer, Turboatom [TATM, HOLD], will supply 4 turbines for Russian Egorlyk hydro power plant worth USD 1 mln by the end of 2009.

Sumy Frunze (SMASH, N/R), one of largest European producers of equipment for the oil and gas and the chemical industries, has signed a EUR 18.9 mln contract with the Russian Surgutneftegaz to supply three turbocompressor units for the reconstruction of an oil compressing station by September 2009.

Automobile plant “Bogdan” [LUAZ, U/R] reported 1H08 net income increase of 6 times YoY amounting to USD 29.7 mln.

Automobile plant “Bogdan” [LUAZ, U/R] reported 1H08 net income increase of 6 times YoY amounting to USD 29.7 mln.

In July, Kryukiv Railcar [KVBZ UZ, BUY] joinly purchased a finishing milling center with the mobile column of the Czech company TOS KURIM that will be used for processing details for passenger railcar and subway car trucks.

UkrAVTO Corporation [AVTO UZ, N/R] intends to concentrate the production of Lanos brand cars at the Zaporozhia automobile plant (ZAZ, Ukraine) and the production of Chevrolet Aveo at the Warsaw motor-car factory (FSO, Poland) by October 2008.

President halted privatization again. TATM: NEUTRAL

Zaporizhtransformator [ZATR, N/R], one of largest world producer of electric transformer equipment decided to pay 68.9 mln in dividends from its 2007 net income.