Sumy Frunze Plans to Boost Production At Least 20% in 2007
11 June 2008
Sumy Frunze (SMASH: U/R), producer of specialized equipment for the oil & gas and chemical industries, announced plans to increase production by at least 20% yoy in 2007 due to supporting orders, favorable development of the natural gas market and increasing gas transportation in the CIS. In 2006, Sumy Frunze decreased sales 4.5% yoy to USD 305.5 mln and its net income was up five times to USD 14.0 mln
