Business news from Ukraine


Kriukov Car Building Works (KCBW, Kremenchuk, Poltava region) tentatively produced marketable products worth over UAH 8 billion in 2019, which is 43.7% more than a year ago, Chairman of the enterprise’s supervisory board Volodymyr Prykhodko has said.
“According to current data, we have manufactured marketable products worth more than UAH 8 billion. The growth rate compared with 2018 is 143.7%, the sales rate is more than 157%,” he said in an interview with the corporate newspaper posted on the company’s website.
According to Prykhodko, 5,280 freight cars were assembled over the past year and this is 43.2% more than a year earlier (3,686 units).
“The plant worked all year with full load, twice we raised wages… The average salary reached UAH 16,500. Not all industrial enterprises of Kremenchuk managed to stay at that level,” the head of the supervisory board said.
Some UAH 715.7 million of taxes were paid to the budget and funds, including UAH 162.4 million to the local budget.
Prykhodko said that the goal of the enterprise for 2020 is to maintain the position of 2019 and increase the share of exports (he did not give a share for 2018).
He also said that in 2020 the KCBW intends to double (up to 6) the number of developments in the field of new technology, and plans to create an independent testing center on the basis of the existing one.
He also announced plans to double investment in enterprise development, without specifying the figure.


General Electric Transportation with 10% participation of Kriukov Car Building Works (KCBW) at the end of 2018 will start delivering 30 TE33A locomotives of Evolution series to Ukrzaliznytsia in line with the earlier approved program of localization of locomotive production in Ukraine, acting Ukrzaliznytsia Board Chairman Yevhen Kravtsov wrote on his Facebook page on Tuesday. “Ukrzaliznytsia jointly with GE Transportation gives green light to the program of localization of locomotive production in Ukraine. Personally for me this is a large victory and the landmark for Ukrainian railways and the entire sector. Localization at the initial stages was the key principal moment during the negotiations with GE. I can say that neither in India nor in Kazakhstan the similar contract does not envisages the localization from the first sample. First TE33A locomotives of the Evolution series will be made with participation of KCBW,” he said.
Kravtsov said that for the first locomotives the Ukrainian contract provides for 10% of localization. Later the locomotives will be consisted of at least 40% of Ukrainian spare parts.
“Now General Electric is selecting the production facilities among Ukrainian enterprises. We also plan to create a center for servicing and modernizing the operating locomotive fleet,” Kravtsov wrote.
He said that a batch of locomotives, which General Electric will deliver in cooperation with KCBW is the largest one during Ukraine’s independence. “The final stage of locomotive production for Ukrzaliznytsia has started in Pennsylvania. At the end of 2018 we would receive first diesel locomotives adapted to our climate, environment-friendly, effective in servicing, comfortable and safe for locomotive crews,” Kravtsov said.

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