Drohobych Auto-Crane Plant Net Revenues Rise 140% In 2004
30 June 2008
The Drohobych auto-crane plant increased net revenues to USD 10.6 mln and posted a net income of USD 0.27 mln, a complete turn around from 2003 when the company posted a 0.3 mln loss. Last year the company produced 225 cranes ? a more than two fold increase yoy. The plant?s annual projected capacity is 1,200 cranes. Blocks of shares from 12.5% to 27.9% belong to four companies based in Dnipropetrovsk. Concorde Capital: The company produces cranes to equip AvtoKraz’s KrAZ-65101 chassis, assembled in Vietnam. In addition to Ukrane?s AvtoKrAZ (KRAZ: Buy), Drohobych cranes are also mounted on MAZ (Belraus) and KamAZ (Russia) chassis.
