Mining Machines Sells Sverdlovsk Heavy Engineering Plant
"We decided to sell the plant as its production capacity is excessive for Mining Machines. Today we can do similar work (e.g. repair mining equipment) more efficiently at our other factories, for example Druzhkovka and Kamensk heavy engineering plants. However, we made an informed decision to look for an alternative investor to save the plant as a big employer in the region," said CEO of Mining Machines Yevgeniy Romashchin.
The company's strategy remains centred on business development in the global market of mining equipment, say senior executives of Mining Machines. This objective can be achieved through higher efficiency of business processes, focus on core operations and reduced share of non-core and excessive assets in the corporate structure.