KMZ Industries (Karlivka Machine-Building Plant, KMZ, Poltava region) installed five elevator complexes in Cherkasy region in July 2024, the company’s press service reported on Facebook.
According to the report, in July, the construction and installation division of KMZ Industries simultaneously carried out work at all five facilities, including an elevator complex with a storage capacity of 30 thousand tons.
“We finished work at one site and immediately moved to another. This year is a very active season in Cherkasy region, where both farms and processing companies are expanding their storage capacities and upgrading elevator equipment. There is still a lot of work to be done,” said Ruslan Demchuk, regional representative of KMZ Industries.
KMZ Industries is the largest manufacturer of elevator equipment in Ukraine and produces a full range of equipment, including silos, grain dryers, transport equipment and separators, as well as provides automation and installation services. According to the company, it has sold more than 5,000 facilities. In 2012, the company acquired the assets of Brice-Baker (UK), one of the leading suppliers of elevator equipment in Europe, and in April 2021 announced a merger with the elevator business of Variant Agro Bud LLC.
According to the Clarity Project, in 2023, KMZ reduced its net profit by 3.9 times compared to 2022, to UAH 15.8 million, with revenue falling by 20% to UAH 650.2 million.
The plant ended the first quarter of this year with a net profit of UAH 35.4 million, up 3.9 times compared to January-March 2023, and revenue increased by 3.3% to UAH 71.7 million.
Dragon Capital Investments Limited (Cyprus), the ultimate beneficiary of which is Tomas Fiala, owns 80% of KMZ JSC shares, while Variant Agro Bud LLC owns 20%.
