Donbascabel to Increase Production by 33% yoy in 2008

Donbascabel (DCAB: BUY) expects its 2008 output to increase by 33% yoy to USD 69.3 mln, Dmytro Mykhailovskiy, deputy director of the company’s sales department said yesterday. According to Vladimir Bukhin, commercial director of Sevcabel Holding, the owner of a 75.01% stake in Donbascabel, the Ukrainian company plans to raise its revenue 20-25% yoy in 2008.