Azovmash To Deliver Equipment To Maginotogrsk And Novolipetsk Steel Mills (Russia).

By the end of 2005 Azovmash companies will make four teeming ladle cars, two scrap carriages and two slag carriages for Magnitogorsk steel mill. The contract for Novolipetsk steel mill includes the delivery of two cranes by end of 2005. The cranes will be used in a desufurization complex for cast iron, previously made for this steel mill by Azovmash. Azovmash is a managing company for Mariupol heavy machinery (MZVM: BUY) and Azovzagalmash (AZGM: BUY). In January-September Azovmash companies increased sales by 6.5% yoy to USD 424.8 mln.