A ceremony of handing the keys to the first owners of cars made in Kazakhstan and equipped with the ERA-GLONASS/EVAK alarm button took place in Ust-Kamenogorsk. Saloon LADA Vesta and crossover LADA XRay were the first offers of the domestic car industry, equipped with the emergency services. President of JSC Azia Auto Yerik Sagynbaev noted…
KTD Group, specializing in imports and production of household appliances (Saturn, Laretti, ST, Defiant brands), plans in March to begin production at a new plant in Cherkasy, which at the first stage will manufacture ovens and plans within a year to start producing refrigerators and convection heaters. “We are opening a plant in Cherkasy at…
The public joint-stock company Kharkiv Tractor Plant in 2017 will participate in military production cooperation and in work to fulfill the government’s military production, including the program to substitute domestic goods in the military sphere, Ukrainian president Petro Poroshenko said during a visit to the factory in Kharkiv. The head of state said the state…
Ukrainian businessman and President of DCH Group Oleksandr Yaroslavsky is interested in acquiring only a controlling stake in Turboatom (Kharkiv). “I will participate in the open tender to sell the controlling stake in Turboatom. Otherwise, who will?” he said. He also said that if a 20% stake was put up for sale, he did not…
This year the Belarusian automobile engineering company MAZ will start making Euro-6 compliant trucks for the European market, representatives of the company reported. The Belarusian automaker intends to sell new dump trucks, chassis, and truck tractors with various wheel formulas (4×2, 6×4, and 8×4) to the European Union. The trucks will be powered by Mercedes-Benz…
The net profit of public joint-stock company Motor Sich in 2016 was UAH 2.187 billion, down by 36.4% YoY (UAH 3.436 billion), according to preliminary data published by the company in an announcement about the annual general meeting of shareholders scheduled for March 30. Undistributed profit last year grew by 15.7%, to UAH 15.663 billion.…
Public joint-stock company Ukrzaliznytsia has set too low prices of gondola cars during some tenders to buy 3,000 gondola cars announced on January 18, which made impossible the participation of Ukrainian car building plants in it. Prices of Ukrainian plants have grown, taking into account growth of prices of spare parts and energy. This resulted…