Sumy Frunze to supply equipment to Uzbekistan
8 July 2008
Sumy Frunze (SMASH: BUY) announced yesterday it signed four contracts for USD 90 mln (33% of the company’s 2007 sales) to supply oil & gas equipment to Uzbekistan. Under the agreements, Sumy Frunze is to deliver equipment to customers beginning in 1Q09. Inna Perepelytsya: Sumy Frunze is starting to fill its 2009 order book with stable clients: in its press release, the company said it has been cooperating with Uzbekistani oil & gas enterprises for thirty years.
