The Ministry of economy will initiate verification export contracts “Electrotyazhmash”

Минэкономики инициирует проверку экспортных контрактов "Электротяжмаша"

The Ministry of economic development and trade of Ukraine initiates the test at the state enterprise “Plant “Electrotyazhmash” on export contracts for 2016. About it reports a press-Department service.

Recently in mass media there were messages that “Electrotyazhmash” continues to sell engines of its own production to British companies that in turn resell them to final consumers, including the Russian company “Elmash-LTO”.

The Ministry appealed to the state financial inspection with a request to check facts of investigative journalism. The working group of Gosinspekcii will involve specialists of the Ministry, SBU and the SFS.

At the same time continues the procedure of approval of the appointment of Jean-andré Barbosa for the position of Director of “Electrotyazhmash.” Last week he met with first Vice Prime Minister – Minister of economic development and trade of Ukraine Stepan Kubiva in order to discuss their vision for the development of enterprises and initial steps.

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SOE “Plant” Electrotyazhmash “” subordinate to the Ministry of economic development and is in the TOP 100 largest state-owned enterprises of Ukraine. The plant manufactures transportation equipment for mines and Railways, as well as: turbine generators, hydro-generators and electrical equipment in DC. Equipment produced by “Electrotyazhmash” is used in more than 40 countries. The turbine production enterprise “Plant” Electrotyazhmash” completed 73% of the capacity of thermal power plants of Ukraine, while the share of hydro plant accounts for 78% of the installed capacity of hydropower in Ukraine. The company supplies its products to the markets: Europe, Asia, Latin America and the Middle East. Partners of the company are such companies as Siemens, ArcelorMittal and others. For the first 9 months of 2015, a net loss of the company amounted to 53 million USD, for the first 9 months of 2014 net profit amounted to 84 million USD.