KYIV. March 4 (Interfax-Ukraine) – Public joint-stock company Chervona Zirka, a large agricultural machinery manufacturer in Ukraine, part of Elvorti Group, plans to boost production and sales by 25% in 2016 from a year ago.
The company said in a press release that in 2015 its sales grew by 71%, to UAH 654.81 million, and in units sales rose by 13.2% or 550 units, to 4,717.
The share of exports of total sales in 2015 reached 55.9% compared to 64.9% in 2014, while supplies to the European Union market, particularly, Bulgaria, Lithuania, Hungary, Romania, Poland, the Czech Republic and Slovakia, rose by 40%.
The press service said that last year capital investment in the form of own funds almost doubled, to UAH 140.4 million. Equipment worth UAH 20.4 million was bought.
Chervona Zirka started production of Elex 81A excavator last year and this year it is planned to boost production of sowing machines Vega-16, pneumatic sowing machines Orion and Alcor.
It is planned to bring machines designed for the requirements of European farmers to the EU market, in particular, universal pneumatic sowing machines Vesta-6, sowing machines Vega-6 and Astra-3 grain seeder.
The company sent UAH 40.851 million to the budgets of all levels.
