Azovmash To Deliver EUR 2.6 mln Worth Of Equipment To Alchevsk Iron & Steel In 2006.
27 December 2008
The managing company for Mariupol Heavy Machinery (MZVM: BUY) and Azovzahalmash (AZGM: BUY) won the tender, held by Siemens VAI (Austria), the general contractor building Alchevsk Iron & Steel’s (ALMK: BUY) converter workshop. The equipment was jointly designed by Siemens AVI and engineers from Azovmash. During 9M05 MZVM increased net revenues by 25% yoy to USD 324.2 mln, EBITDA grew by 234% to USD 12.7 mln, net income grew by 3563% to USD 4.0 mln.
