Business news from Ukraine

MALYSHEV PLANT SIGNIFICANTLY INCREASES PRODUCTION IN 2016

7 January , 2017  

KYIV. Jan 7 (Interfax-Ukraine) – State enterprise Malyshev plant (Kharkiv) in 2016 significantly increased production compared to 2015, the press service of the plant has stated.

According to a report on the company’s website, in 2016 production at Malyshev plant grew by 319.3% compared to 2015, sales revenues increased by 178%. This is the best performance of the company over the past five years, the press service said.

The significant growth of Malyshev plant revenues is provided by the full loading of its production capacity.

“More than ten operating contracts provide the continuous work of the plant, reliably ensuring a successful tomorrow,” the press service said.

Malyshev plant is the world’s known Ukrainian manufacturer of armored vehicles. It has been part of Ukroboronprom State Concern since January 2011 under the decision of the government of Ukraine.