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June 1, 2010
TATM Ships First Hydro Turbine Wheel to Mexican HPP

Turboatom [TATM UZ, BUY], one of the largest CIS producers of turbines for all main types of power plants, has shipped the first hydro turbine wheel for Mexican HPP La Yeska. The diameter of the wheel is 5.3 meters, the weight is 92 tons. Such a shipment is executed within the framework of the earlier signed agreement (signed in March 2008). The monetary value of the agreement is USD $33M. TATM plans to finish production of the second wheel in the current year.

May 31, 2010
AvtoKrAZ intends to deliver 200 trucks to Africa

AvtoKrAZ [KRAZ UZ, N/R], a Ukrainian producer of heavy trucks, intends to supply one of the Northern African countries with 200 trucks. The first consignment was dispatched at the end of 2009; currently a consignment of 97 trucks is off-the-shelf.

May 26, 2010
RZD suspends use of MZVM’s cars
RZD (Russian Railways) suspended the use of MZVM’s railcars built in 2008 with the “1291” solebars produced by AzovElectroStal. The reason for the suspension is the derailment of seven coal wagons with broken solebars.
May 26, 2010
KVBZ starts production of new passenger car
Kruykiv Railcar [KVBZ UZ, BUY] reported the start of production of a new passenger car: a car with numbered reserved seats. According to the company, this car is for Belarus.
May 21, 2010
Ukrainian Railways successfully restructured its loan

Ukrainian Railways, (Ukrzaliznitshya) successfully restructured a syndicate loan of USD 550 mln , the minister of transport reported. The term of the loan has been extended by 5 years. No additional information about the terms of restructurization is available.

May 19, 2010
The auto-production in Ukraine increased by 27%
Ukrainian producers produced 6 713 pcs of autos in April 2009, 27% higher than in March 2010. The production as a result of 4M10 reached 17 423 pcs, implying the decline of 26% YoY.
May 14, 2010
LUAZ increases output by 19% MoM
Bohdan Motors [LUAZ UZ, U/R], has reported that 1,549 passenger cars were produced in April, 19% more than in May. The Company produced 4,031 cars during January-April 2009 and is targeting a full year production of 22,600 cars. Moreover, the Company produced 99 cars and 2,310 pick-ups, which are, in fact, commercial cars.
May 14, 2010
Bohdan has not ruled out possibility of IPO in 2010
Bohdan Motors [LUAZ UZ, U/R] reported that it has not ruled out the possibility of an IPO in 2010. The Company reported that an IPO is part of an earlier version of the Company’s development strategy.
May 12, 2010
LUAZ increases exports nearly six-fold in April
Богдан Моторс [LUAZ, ПЕРЕСМОТР] сообщает об увеличении экспорта автомобилей в апреле по сравнению с мартом в 5.9 раз, или на 708 автомобилей - до 852 автомобилей.
May 11, 2010
MSICH reported strong 1Q financials
Motor Sich [MSICH UZ, BUY], a leading CIS aviation engines producer, reported strong 1Q10 financial results.

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