Kharkiv Bearing Plant Increases Net Revenues By 65.9% To USD 59.5 Mn

The company’s net income totaled USD 3.5mn in 2004, an increase from its USD 0.40mn loss in 2003. About 32% of the company’s output was exported in 2004, including 30% to CIS countries. The largest consumers in 2004 were the Krasnoyarsk Harvester Plant (Russia), Rostselmash (Russia), the Minsk Tractor Plant (Belarus) and Yuzhnyy Machine-building Plant (Ukraine). A total of 45.38% of Kharkiv Bearing belongs to World Trading Bearing Ltd (UK), and 50.095% belongs to Ukraine’s Industrial Energy Company and its affiliates.