AvtoKrAZ July Production up 20% Over June.

The company (KRAZ: HOLD) produced 200 automobiles in July, up 20% mom. In yoy terms, production decreased by 6.3% in July, and by 17% in January-July to 1,652 units. Olha Pankiv: The company is seeking to compensate for its failure to renew supplies to Iraq with increased internal deliveries (which made up 103 trucks in July, the highest monthly number for the last decade), by preserving its positions in the CIS, and by conquering new markets (deliveries to Algeria are planned in August, while sales to Egypt, Sudan and Argentina are targeted).