Corum Group believes the high prices for coking coal will remain until at least April 2017. “It’s difficult to say what will be after that, as the situation depends on many macroeconomic factors”, Denis Shemyakin, the company marketing director, said. According to him, world coal prices have been constantly growing since the year started. For…
Corum Group plans to increase industrial capacities of the Krivoy Rog Mining Machinery Works by 30%. According to the group CEO Yakov Sidlyarenko, it also wants to buy boring machines for Svet Shakhtera Works (Kharkiv) enabling it to increase tunneling machine manufacture by 66%, to 20 units per year. (Ukrainian metal)
Corum Group is negotiating ways to enter markets of Turkey, Iran and India. According to the company CEO Yakov Sidlyarenko, Corum Group’s current primary goal is to increase export sales in Kazakhstan, Belarus, Russia, Poland and Vietnam. (Ukrainian metal)
Corum Group estimates its share on the Ukrainian market of mining machinery in 2015 at 52%. According to the company CEO Yakov Sidlyarenko, local sales in 2015 dropped by 6.6% YoY, to 72.7%. Corum is the largest mining machinery manufacturer in Ukraine and a part of System Capital Management. (Ukrainian metal)
In 2015 Corum Group received 632 million UAH of losses, down 3 times YoY. Its revenue went up by 7% YoY, to 1.7 billion UAH, while its EBITDA grew to minus 91 million UAH from minus 351 million UAH in 2014. “We understand that the market situation is still complex. Low prices for raw materials…
In February Corum Group shipped a batch of transforming substations to Viru Keemia Grupp (Estonia).
In 2016 Corum Group plans to start selling stage loaders.
In 2016 Corum Group plans to start repairing bulky machinery.