Azovstal To Buy Tansformers From Zaporizhtransformator.
5 October 2008
Zaporizhtransformator (ZATR) won a tender for delivery of two transformers to Azovstal (AZST: SELL). The delivery is planned for February-March 2006. Concorde Capital: This is ZATR?s second large deal in a row this month. Earlier, the enterprise signed contracts with Vietnamese VATCO for USD 0.86 mln and Egyptian Sidi Krir for Eur 3.4 mln. In 1H05, Zaporizhtransformator posted 56% top line growth – to USD 33.2 mln, while reducing net losses by 10% to USD 1.8 mln.
