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October 28, 2010
Court dissolves Luganskteplovoz acquisition contract

A Kiev economic court has dissolved the contract on acquisition of a 76% share of Luganskteplovoz [LTPL UK] by Bryansk Machinery (Russia) from the State Property Fund of Ukraine. The court has also collected USD 10.6 mln in forfeits and fees from Bryansk Machinery for non-compliance with contract conditions.

October 27, 2010
Bogdan Motors shortens its loss by 43%

In 1-3Q2010, Bogdan Motors [LUAZ UZ] shortened its net loss by 43% YoY to USD 38 mln, raising net sales by 9% to USD 134 mln. The Corporation produced 12,547 cars over the period, which is a 2.4% YoY increase.

October 26, 2010
Luganskteplovoz turns profitable

In 3Q2010, Luganskteplovoz [LTPL UK] received a net profit of USD 812 thsd, decreasing its net loss in 1-3Q2010 6 times YoY to USD 2.5mln. Company sales grew by 70% over the period, reaching USD67.7mln.

October 26, 2010
AvtoKrAZ launches trucks for left-hand drive countries

AvtoKrAZ Holding [KRAZ UK] has launched production of trucks designed for countries with left-hand drive traffic systems. The KrAZ-5233NE serial military truck was developed in response to an order from an Indian company’s security agency. A new truck will allow the company to sell trucks to clients in Pakistan and South Africa. Meanwhile, Uzbek Tupolanghydrokurilish placed an order for 30 more KrAZ-65055 trucks to be supplied in 2011 (14 of these trucks are already operating on a reservoir construction on the Tupolang River).

October 26, 2010
Turboatom raises its net profit by 70%

Between January-September 2010, Turboatom [TATM UZ], the only Ukrainian producer of power plant turbines, increased its net profit by 69% YoY to USD18.2 mln. Net sales grew by 62.4% YoY, reaching USD 91.3 mln. The volume of export accounted for 83% of company sales. Turboatom production exceeded its planned volume by 28%.

October 22, 2010
AvtoKrAZ supplies trucks to Uzbekistan

AvtoKrAZ Holding [KRAZ UK] has supplied 14 KrAZ-65055 dump trucks to Tupolanghydrokurillish. The trucks are for construction of a reservoir on the Tupolang River. Last year, Uzbek companies purchased 30 of these trucks for construction of another reservoir on the Rezaksai River.

October 20, 2010
AvtoKrAZ launches a new off-road tow truck

AvtoKrAZ Holding [KRAZ UK] has started serial production of the KrAZ T17.0EH off-road tow truck with maximal caravan weight of 75 ton. The truck can operate at temperatures between -50 to +60 degrees centigrade, at heights up to 5 km above sea level, and can pass through running water of depths up to 1.5m and snow of depths up to 0.6m. The company plans to sell 50 T17.0EH trucks to the northern regions of Russia this year. These trucks will be used for transportation of oil mining equipment in off road conditions.

October 18, 2010
Kiev to purchase new transport for Euro-2012

The Kiev municipal council has adopted a decision to implement changes in its program of preparations for the European football championship in 2012. The changes include purchasing 210 new buses, 210 new trolleybuses, and 46 new tram carriages using municipal budget funds and 185 buses and 185 trolleybuses using funds from the EBRD.

October 14, 2010
Bogdan Corporation raises bus export 2.2 times

During 9M2010 Bogdan Corporation, owner of Bogdan Motors [LUAZ UK] has increased export of buses 2.2 times YoY to 583 units. Share of export in bus sales accounted 83%. MoM bus export increase in September accounted 30%. CIS and Poland remained the largest importers of Bogdan buses.

October 13, 2010
Kryukivka Carriage produces 21 passenger carriages for Ukrzaliznytsya

Крюковский вагоностроительный завод в ноябре 2010 года поставит Укрзализнице 21 пассажирский вагон. Согласно сообщению компании, эти вагоны имеются на предприятии и были выпущены еще в 2008 году. Предприятие располагает информацией о планах правительства на 2011 год выделить 400 млн грн на приобретение 50 пассажирских вагонов производства Крюковского вагоностроительного завода. Компания улучшила прогноз производства вагонов в 2010 году до 9 000 единиц.

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