Nord’s sales expected to remain flat in 2008. Nord (NORD: N/R)

President Valentyn Landyk said yesterday he predicts the plant’s sales in 2008 will be roughly the same as last year, due to a decrease in local consumer’s spending power and lending. In 2007 the company posted USD 259.2 mln in sales. According to Landyk, the company’s supplies to CIS and Western European countries are rising. In 1H08 Nord’s sales decreased by 7.1% to USD 111.5 mln, while EBITDA turned to negative USD 0.2 mln, compared to USD 4.6 mln in 1H08. The company posted a net loss of USD 5.5 mln in 1H08, vs. a net profit of USD 0.9 mln a year ago.