Azovmash Installs Bridge Crane At Severstal
6 June 2008
Azovmash did not announce the cost of the project, but experts estimate it to be USD 1.25 mn. Concorde Capital:Azovmash has begun constructing cranes again, as part of its plans to diversify its output. Two more cranes will be delivered to TogliattiAzot. The company is currently building a crane for Zaporizhstal (ZPST: BUY) and two cranes for the Novolipetsk metal plant in Russia. Ukraine’s sea ports are considered to be potential customers, as 80% of their cranes are outdated.
