Business news from Ukraine

TURBOATOM’S PORTFOLIO OF ORDERS FOR 2016 INCLUDES ONLY EXPORT CONTRACTS – CEO

11 February , 2016  

KYIV. Feb 11 (Interfax-Ukraine) – PJSC Turboatom, the largest Ukrainian producer of turbine equipment, 75% of whose shares belong to the state, currently has a portfolio of orders for the current year, however it is formed at the expense of export orders, while there are no orders from Ukrainian companies, Plant CEO Viktor Subotin has said.

“Against the backdrop of the overall difficult situation in Ukraine, energy machinery manufacturers, of course, have fewer orders this year than two or three years ago. But our main problem is that, for example, in total sales in 2015 only 26% were deliveries in Ukraine. And if last year there was one order – the delivery of a condenser to Yuzhnoukrainsk nuclear power plant, then this year there are no domestic orders at all. Ihor Bilous [the head of the State Property Fund] meant this,” Subotin said, commenting on Bilous’ statement about absence of orders at Turboatom in an interview with the Ukrainska Pravda edition.

Subotin noted that he appealed to the SPF head with the request to assist in obtaining orders from Ukrainian companies.