Машиностроение

In 1H08, Stakhaniv Railcar Works [SVGZ UZ, BUY], increased its production by 33.7% (852 railcars) up to 3380 railcars as compared to the corresponding 2H07 number.

In 1H08, JSC Kredmash increased the output of asphalt mixing machines by 36.4% YoY, up to 60 units.

Kryukiv Railcar [KVBZ, U/R] increased its production of passenger cars x10 times YoY or by 39 wagons more in 1H08.

The Ministry of transport of Ukraine has introduced a draft law, which implies higher ecologic restrictions for motor transport imported into Ukraine.

The Ukrainian Government is planning to consider lowering import duties on equipment used in shipbuilding.

Kryukiv Railcar [KVBZ UZ, U/R], the unique Ukrainian producer of both freight and passenger railcars signed a contract last week with Ukrzaliznytsya (UZ) to deliver two rail buses by the end of this year.

Azovmash, the leading Ukrainian machine building holding, has increased its revenues by 50% in 1H08, having reported USD 609 mln in sales.

During a recent press conference, Mr. Yaroslav Bondarenko, the Director of Economics and Finance at HC AvtoKrAZ [KRAZ, N/R], has announced that the company plans to postpone its IPO, the preparation for which was initially scheduled for completion by the end of 2008.

Zaporizhtransformator [ZATR UZ, N/R], one of the largest producers of electric transformers equipment in the world, has signed a USD 24 mln contract for delivering four transformers and four shunt reactors to the national power company Ukrenergo.

Kryukovsky Railcar [KVBZ UZ, U/R], the only Ukrainian producer of both passenger and freight railcars, has cinched a deal to produce double-decker passenger railcars with Finland’s Transtech Oy, which specializes in the production of these types of cars.