DONETSK, Ukraine, September 18, 2013 /PRNewswire/ --
- "Mining machines" to open a permanent trading business in Katowice
- Decision is conditioned by the company's expertise and technology in hard mining-and-geological conditions which is well-suited to the Polish market
For more than six decades, "Mining Machines' has been developing technological and design solutions for coal extraction in some of the severest conditions for mining in the world. According to the company's executive director Yevgeniy Romashchin, the intention is to make this experience and innovation available to the Polish market.
Mining cooperation with Polish companies seems to be a very promising and mutually profitable direction, particularly in the deployment of "Mining Machines" expertise and solutions in thin-bed and extra-thin-bed mining.
The "Mining Machines" company's unique design solutions for shearers and tunnelers attracted the attention of Polish Prime Minister Donald Tusk during the "Katowice 2013" mining industry, energy and metallurgy international fair.
Yevgeniy Romashchin presented to Mr. Tusk and all the fair's visitors the most promising solutions for the Polish market. Of these - the 20 tons shearer for thin-bed mining and 40 tons tunneler, which has reached record speeds of cutting in Ukraine of 707 meters per month.
In addition to its existing trading businesses in Ukraine, Russia, Kazakhstan and Vietnam, the Poland opening demonstrates the company's desire to become closer to European clients, and to provide its world-leading products to a wider export market.
This export development is a strategically important direction for "Mining Machines", with Mr Romaschin saying that he expects a 40% export increasing to 2016.
Scientific-industrial company "Mining Machines" -. The Company is a division of System Capital Management (SCM) finance-industrial group and the leader in global mining machine-building.
The company consists of 6 plants in Ukraine, service stations in Ukraine and Russia, and trade companies in Kazakhstan, Vietnam, Poland, Ukraine and Russia.
"Mining Machines" principal activity is complex engineering, production, complex delivery and maintenance of mining equipment.
According to PricewaterhouseCoopers data, in 2012 total turnover was € 312.9 mln, with exports at 17%, EBITDA of € 62.1 mln.
For further details: http://www.mmc.kiev.ua
SOURCE Mining Machines Group