In January-September Corum Group decreased its consolidated revenue by 5% YoY, to 1.2 billion UAH.
According to the company statement, this has to do with the decrease of the investment programs and the shrink of the local and foreign markets. Moreover, in July 2014 all sales in Donbass stopped.
“To increase our export sales we concentrated on the key markets: Kazakhstan, Belarus, Russia, Vietnam and Poland. For other countries we have a dealer program – thus we work with Estonia and Macedonia, and plan to work with Turkey, Iran, Bosnia and Herzegovina, as well as India. Thanks to that next year we plan to increase our exports 9 times”, said the group director Yakov Sidlyarenko.
In January-September Corum invested 32.1 million UAH into its productive capacities, in particular into Corum Kriviy Rih Mining Equipment Works.
In H1 2015 Corum’s consolidated revenue increased by 12.6% HoH, to 832.7 million UAH. Its export share totaled 32.5%, up by 11.1% HoH. (Ukrainian metal)
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