JSC Ukrenergomashiny (Kharkiv), more than 75.22% of which is owned by the state, doubled its sales in 2024 compared to 2023, said Viktor Subbotin, CEO of the company.
“We have had a difficult year, but I should note that in 2024 we sold twice as much product as in 2023. This is a great achievement of our entire team. We also have orders for 2025,” Subbotin said in a statement on the company’s website during a festive event marking the 91st anniversary of the plant’s foundation.
According to the Clarity Project, in 2024, the company’s net income from sales of products decreased by almost 2.8 times compared to 2022, to UAH 376.3 million, but in January-September 2024, this figure increased by 2.6 times compared to the same period in 2023, to UAH 616.1 million.
The CEO also emphasized that JSC Ukrenergomashiny remains to operate in Kharkiv.
“I am often asked about the relocation of the enterprise. Therefore, I want to assure you that the company will not leave Kharkiv. We are opening branches in western Ukraine, hoping to return to peaceful life as soon as possible,” Subbotin said.
As reported, in April 2024, the company’s supervisory board decided to establish three branches in western Ukraine – Lviv, Zakarpattia and Chernivtsi. At the time, the press service of Ukrenergomashin clarified that the company remains in Kharkiv and does not change its legal address, and that the branches are being created to speed up the production of electric traction equipment and logistics processes in order to quickly deliver equipment under export contracts.
In addition, the establishment of branches near the EU border will improve the logistics of raw materials and supplies, as Ukrenergomashiny has lost a number of suppliers of parts and rolled metal products in Ukraine.
JSC Ukrenergomashiny is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants. The company also produces electric motors for railway and urban transport (Electrotyazhmash nomenclature).
