KYIV. Feb 21 (Interfax-Ukraine) – PJSC Elvorti manufacturer of seeding and tillage machinery equipment (Kirovohrad, formerly Chervona Zirka) in 2016 increased sales by 43.3% compared to 2015, to UAH 938.4 million, according to the company.
Some 52% of the products were sold in the Ukrainian market.
According to chairman of the company supervisory board Pavlo Shtutman, capital investments exceeded UAH 61 million, UAH 65.8 million of taxes and fees was paid to the budgets of all levels, the average wage rose by almost 43% to UAH 6,440.
“Increasing the production capacity and human resources in 2016, Elvorti expanded the range of products and introduced new ASTRA 4 and ASTRA 6 sowing machines, FORTIS 1600 wheel loaders and ELEX 81A backhoe loaders,” the expert said.
According to him, Elvorti plans in 2017 to increase production and sales by 22%.
Chervona Zirka was founded by the Elvorti brothers in 1874 as a small workshop for repair of machines imported from England. In 1922, the plant received the name of Krasnaya Zvezda (Red Star), and in 2003 it was renamed as Chervona Zirka.
