Motor Sich: Occupying Skies

In 2015, Motor Sich JSC increased the net profit 2.37 times against YOY, up to UAH 3.67 billion. Such substantial growth depends largely on the national currency devaluation, but the company is likely to improve its financial activities due to expansion into new markets.

Plant in Zaporizhzhya makes one of Ukraine’s largest machinery productions manufacturing details for both civil and military helicopters made in ex-USSR and in the CIS (including Mi-8, Mi-16, Ka-226), aircrafts An-70, An-124, An-140, An-148, Yak-130, etc., gas transporting and power engineering equipment (including wind farms).

No wonder that 95% of the product is exported, besides CIS, to China, Vietnam, India, UAE, Algeria, Peru, etc. The main income is in foreign currency, so the financial success of 2015 can be linked to Hryvnia devaluation. There is, however, more to it than that, for the company’s products are truly popular on the markets, says Oleh Ustenko, the executive director at the International Bleyzer Center.

Source: minprom.ua

Tags: aviation