Business news from Ukraine

Business news from Ukraine

KREDMASH TO INCREASE PRODUCTION BY 20% IN 2017

11 April , 2017  

KYIV. April 11 (Interfax-Ukraine) – PJSC Kremenchuk plant of road machines (Kredmash, Poltava region) plans in 2017 to increase production by 19.7% compared to 2016, to UAH 625.9 million.
According to the plans outlined in the company’s financial report for 2016, promulgated in the information disclosure system of the National Commission on Securities and the Stock Market, this year the plant plans to produce 38 asphalt and ground-batching plants.
In addition, it is planned to produce spares and components for road building machines for UAH 180 million, consumer goods worth UAH 66.2 million, as well as increase the volume of cooperative supplies to UAH 6.06 million.
According to the company’s website, in January-March this year Kredmash sold 14 asphalt mixers against five as of the same period in 2016.
Kredmash intends this year to purchase new equipment, devices and machines worth more than UAH 4 million. In 2016 the company’s capital investment in the re-equipment of the workshops amounted to UAH 2.57 million.