Sumy Frunze to Increase Sales by 25% in 2007

The head of the Kyiv representative office of Sumy Frunze (SMASH: U/R), a specialized producer of engineering equipment for the oil & gas and chemical industries, announced that the company is targeting a sales increase of 25% in 2007 to about USD 400 mln. Inna Perepelytsya: The company continues to improve its order book in the last two months as in June Sumy Frunze announced a 20% sales increase in 2007. We believe these new projections look realistic. More than 90% of Sumy Frunze’s products were exported in 2007 and we tie the planned boost investments by oil & gas companies in Russia.