April 4, 2008MZVM: Slow but Steady
Mariupol Heavy Machinery [MZVM], a member of the Azovmash holding, specializes in producing boxcars, gondola cars, tank cars, open rail cars and hoppers, as well as miscellaneous heavy machinery equipment. In 2007, the company went through the restructuring of its product mix, determined to take advantage of the growing demand for carriage-building products in Russia. The percentage of the carriage building-products put out by MZVM in 2007 grew 1.6x YoY, with, 84% of MZVM’s total output going to export in 2007, with Russia as the company’s major customer. In 2007, 60% of the total product mix constituted newly developed products, such as automobile carriers, new models of crane equipment, special-purpose cars, etc. Nevertheless, the 2007 net sales growth dynamics were disappointing, with slightly more than 3.4% YoY growth reported by the company.