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AvtoKrAZ Acquires Avtoradiator

AvtoKrAZ Acquires Avtoradiator

29 November 2008

MariupolAvtoradiator, Ukraine’s sole producer of automobile radiators and heating systems for heavy load trucks, with deliveries to KrAZ, MAZ and KaMAZ, has become part of AvtoKrAZ (KRAZ: HOLD). In 1H06 Avtoradiator posted sales of USD 0.4 mln and a net loss of USD 0.2 mln. Olha Pankiv: The acquisition of Avtoradiator further extends AvtoKrAZ’s ownership over companies in its supply chain, which already includes Poltava and Kamenetsk-Podilsky auto aggregate plants, the Kherson cardan shaft plant, Tokmak press-forging and the Simferopol steering wheel plant.

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