Машиностроение

At Stakhaniv Carriage Works’ [SVGZ, U/R] AGM May 19, shareholder’s approved the decision to increase the statutory fund via emission of 37.7 million ordinary shares in documentary form at USD 0.21 par value.

Motor Sich’s [MSICH, Buy] new plans involve capital expenditures of some USD 80 mln aimed at creating new helicopter engine assembly platforms in Russia.

Stakhaniv Carriage Works [SVGZ, U/R] has increased its production in Jan. – April, 2008 14% YoY to 2,356 carriage units. In April, SVGZ released 569 freight carriages, about 80% of which were gondola carriages, the most demanded type of carriage in the CIS. From Jan. to April, 2008, SVGZ increased its output of gondola carriages 50% YoY. As of the beginning of May 2008, SVGZ has employed almost 5.8 thsd workers (compared to 4.7 thsd workers in May 2007).

TAS Group recently announced its plans to possibly unite the carriage-building companies it owns to create one carriage-building holding with subsequent IPO plans.

Motor Sich [MSICH BUY], the sole Ukrainian manufacturer of engines for helicopters and jet airplanes, has reported 1Q08 net sales of USD 87 mln, which is 51.2% more than its performance in the same period last year.

Donetskgirmash [DGRM UZ, N/R], a large Ukrainian producer of mining machinery, has doubled its net loss in 2007 to USD 7.2 mln.

Kryukiv carriage building plant [KVBZ] has agreed to supply 16 passenger carriages for Ukrzaliznytsia, the Ukrainian railway company, by 2009.

SMASH plans to increase net sales in 2008 by 81% to USD 586 mln compared to USD 323mln for the FY2007, company CEO Viktor Choban announced at the an April 16 AGM.

The extraordinary 21x net income increase reported by Ukravto [AVTO, U/R] for the year-end of 2007 bred strong expectations of future dividends payout among the investors.

It has been announced during the recent AGM at Kryukivka Carriage Works [KVBZ, U/R] that was held on April 18th, 2008, that the company plans to achieve the level of 300 passenger cars produced annually within next 2 to 3 years.