Corum Develops Dealers’ Network in Foreign Markets
Corum is proceeding to a new stage of export development: to formation of its dealers’ network in the markets, where the largest mining companies operate. This approach enables to expand the geography of our Group’s presence with minimal costs and provides the Group with an opportunity to promptly respond to market demands all over the world.
The first results of exporting equipment through our exclusive representatives can already be seen in Estonia. In the spring of 2015, Corum manufactured and delivered electrical equipment to VKG KAEVANDUSED OÜ for an amount of over EUR 100 thousand. Corum’s exclusive partners already operate in Bosnia and Herzegovina; we negotiate with companies in Iran, Turkey, South Africa, Bulgaria and Romania.
“Today, Corum manufactures machinery and equipment for 14 world largest mining holdings and sells its products and services in Poland, Belarus, Kazakhstan, Russia, Vietnam, China. We appreciate every project and customer. This year, we have expanded our export development instruments. Today, we are examining the possibilities of both long-term cooperation and single deliveries, with our dealers’ service maintenance”, Denis Shemyakin, Corum’s Marketing Director, comments.
Corum shipped six transformer substations to Estonia. This equipment is used in bituminous slate extraction mines. The substations are made-to-order and adapted to operate in high humidity conditions. Automatic switches (Susol) and power supply analysers (DMK) are installed to extend the functional capabilities of the equipment.
Corum Group is one of the largest manufacturers of machinery and equipment and suppliers of comprehensive solutions in the mining industry.
Corum Group today comprises: the Underground Mining Division, the Division of Projects in Infrastructure, the Open-pit Mining Division and the trading companies and representative offices in Ukraine, Russia, Belarus, Kazakhstan, Vietnam, Poland and China.
The Group’s key customers are 14 largest mining holdings, whose assets include 150 mines and pits. Corum’s machinery and equipment are operated at mining facilities in 15 countries of the world.
Financial performance during Quarter 1 of 2015: consolidated proceeds amounted to UAH 407.8 million (a 7.7% increase quarter to quarter), EBITDA – UAH 16.9 million (EBITDA margin 4.1). The share of export in the total sales volume is over 30%.
For additional information, please, visit www.corum.com