AvtoKrAZ announces contract to supply 12 tractors to Russia

AvtoKrAZ (KRAZ UK), the only Ukrainian heavy trucks producer, will deliver 12 KrAZ-6446 tractors to a Russian oil and gas industry contractor in December, Interfax reported on Nov. 28. The value of the contract is not disclosed.

Roman Dmytrenko: We estimate this contract to bring USD 1 mln in revenue to AvtoKrAZ, bringing the company closer to its full-year sales target. Management is targeting a 86% yoy sales increase to 2,350 trucks in 2012, which might allow the company to bring its bottom line back into the black after a USD 22 mln net loss last year.