Ukraine: Motor Sich posts 26% fall in consolidated net profit in January-September 2016

PJSC Motor Sich in January-September decreased consolidated net profit under international financial reporting standards (IFRS) by 25.72% YoY, to 1.884 billion UAH. According to a company report posted in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the reporting period decreased by 28.28%, to…

Ukraine: Sumy NPO signs agreement on the column equipment supply for Kachanovsky GPP

PJSC “Sumy Machine Building Science-and-Production Association” signed a contract with a domestic company “Ukrnafta” for the supply of regeneration-evaporation column K-2. According to Sergei Antykov, the senior sales manager for equipment of chemical plants, this is a typical product of Sumy engineers. “The equipment specified by the agreement is designed for ethylene glycol from the…

Ukraine: Pivdenne Design Bureau developing new anti-aircraft complex

Ukraine’s Pivdenne (Yuzhnoye) Design Bureau is stepping up the international military and technical cooperation and together with a foreign partner is developing a new short-range anti-aircraft artillery complex in the interests of the Armed Forces of Ukraine. The new weapons are intended to replace Soviet anti-aircraft systems such as ZSU-23-4 Shilka self-propelled radar guided anti-aircraft…