Poltava Automobile Unit Plant boosts sales
AvtoKrAZ holding company is the only heavy-duty truck producer in Ukraine.

Poltava Automobile Unit Plant boosts sales

Sep 6, 2010 at 12:09 | Interfax-Ukraine
Poltava Automobile Unit Plant (PAAZ), part of AutoKrAZ Holding, in January-August 2010 increased its sales by 70% year-over-year, to UAH 61.6 million, the company's press service has reported.

Sales of brake parts came to UAH 51.5 million, which is 69.8% up year-over-year.

The export share of total sales in January-August 2010 stood at 78.9%, and the share of exported brake parts reached 94.4%.

Over the first eight months, supplies to Hungary soared by 48%, they jumped by 60.8% to Russia, and skyrocketed to Belarus and Latvia by five times, doubled to Kazakhstan, and rose by 51% to Lithuania.

In January-August PAAZ output products worth UAH 48 million. In August alone, production jumped by 94% compared to January 2010, including a 77% rise in production of brake parts.

A rise in production in August compared to July was 9%, including an 8% rise in production of brake parts and an 11% rise in the production consumer goods.

PAAZ is a modern well-equipped producer of pneumatic brakes for heavy-duty commercial vehicles.

AvtoKrAZ is part of Finance&Credit Group, which is affiliated with Ukrainian businessman Kostiantyn Zhevaho.