Azovmash Increases Consolidated Sales 8.6% yoy In January-November To USD 515.9 mln.

Exports made up 83.7% of the company?s total sales. The carriage-building segment constituted 86% of sales, or USD 441.4 mln. Azovmash decreased production of carriages in unit terms by 9% to 7624, as the company continues its shift from the production of oil cisterns to cisterns for liquefied gas and gondola cars. Output in the heavy machinery segment increased by 60% yoy to USD 63.0 mln. Azovmash is a managing company for several companies, including Ukraine?s two major producers of freight carriages Mariupol Heavey Machinery (MZVM: BUY) and Azovzahalmash (AZGM: BUY).