Close Corporation “Lozovsky Forging Mechanical Plant” the largest forging, hot-stamping enterprise in Ukraine the member of the Industrial Group UPEC within the nine months of 2007 sold the production in amount of about 195,2mln.gr.

As the president of UPEC Anatoliy Girshfeld informed it was the preliminary data for the nine months of the following year.

So as compared with the such period of the last year the volume of sales grew more than in one and a half time – almost in 54% ( for the nine months of 2006 the enterprise sold the production in 126,8mln.gr.)

LKMZ improved its rates of increase even in comparison with the first six months (by the results of six months the increase of sales made up 45%).

In the whole by the results of three quarters the plant got more pure profit than within the whole previous year: 195,2mln.gr. to 186,4mln.gr.

note:

Close Corporation “Lozovsky Forging-Mechaniсal Plant” is the biggest forging and hot stamping enterprise in Ukraine and in UIS. The enterprise specializes in producing stamping of 300 different types. The producing capacity is to 180 thousand tones a year. As the plant is a multi-profile enterprise it is also the leader in producing axles for grain harvesters, road-building machines, axles for buses, the details for movable train set of cars. By the results of 2006 the pure profit of the enterprise made up 186,4 mln.gr. It is in 14,3% more than in 2005. The pure profit of 2006 was 3,2mln.gr. That is in 63% less than in 2005. The part of export in the last year grew up to 34,7% of total volume of sales which was in 1,7 time more than in 2005 year.

“UPEC” is one of the biggest machine-building company in Ukraine. It was founded in 1995. The Industrial group UPEC includes three directions of activity:

the producing of components (“Kharkov Bearing Plant”(HARP),”Lozovsky Forging-Mechanical Plant”(LKMZ), “Ukrainian Foundry Company”(ULK);

electrical engineering (Kharkov Electrical Engineering Plant “Ukrelectromash”(HELZ);

machine-tool building (“Kharkov Kosior Machine-Building Plant”(Harverst)

The group UPEC also includes: ”Sewing Factory Named after Tinyakov”, ”Factorial-Bank”, and other enterprises.