companies and markets

AvtoKrAZ Trims production outlook

08.07.2010 | kyivweekly.com.ua

Heavy truck manufacturer AvtoKrAZ based in Kremenchuk, Poltava oblast, cut the expected number of vehicles to be produced this year by 500-1,000 to 1,500-2,000, the companys CEO Serhiy Sazonov told the press. He said the expected decline was mainly due to the economic crisis. Sazonov did not rule out the possibility of the second wave of the crunch that would further correct the plans for 2010. Avtokraz ended 2009 with a net profit of UAH 30.942 mn, down 69.67% over 2008. AvtoKrAZ is engaged in the manufacturing of 28 base models of dump trucks for opencast mines, timber trucks, tractor trucks, automobiles with enhanced maneuverability for the army, oil and gas mining equipment.

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