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Corum Group Signs Memorandum of Cooperation with ABB

Corum Group Signs Memorandum of Cooperation with ABB
25 Июня 2014

Corum signed a Memorandum of Cooperation in the mining sector with the international corporation ABB.  

Corum Group Signs Memorandum of Cooperation with ABB

Corum signed a Memorandum of Cooperation in the mining sector with the international corporation ABB.

The signed instrument confirms the intentions of the parties to develop the partner relationship in supplies of the state-of-the-art technological solutions for the customers in the underground mining industry both in Ukraine and at CIS markets.

The Memorandum is planned to cover the cooperation in design, assembling and commissioning of the high-tech equipment, as well as the service personnel training.

The immediate projects stipulated in the memorandum will be implemented within the framework of outsourcing of the Corum components – equipping the mine winders produced by Corum with the ABB power trains, control systems and disk brakes.

“We are convinced in the synergic effect of the signed Memorandum on our companies. Together we will be able to attain greater efficiency in implementation of our tasks” – emphasized Vladymyr Merzlikin, Director of Corum Infrastructure Project Division.

ABB Group is interested in developing markets and in hoisting equipment components manufactured by Corum”, – stated Dmytro Zhdanov, ABB Country Manager in Ukraine.

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Company profile

ABB (www.abb.ua) is a global leader in power and automation technologies. ABB technologies enable industry and utility companies to improve their performance while lowering environmental impact. ABB operates in approximately 100 countries around the world with approximately 150,000 employees. ABB started its operations in Ukraine in 1992. Nowadays ABB employs about 200 people working in Kyiv, Donetsk, Zaporizhzhia, Lviv, Mykolaiv and Kharkiv.

Corum Company (previously SPC "Mining machines") is affiliated to one of the largest financial and industrial groups of Ukraine “System Capital Management” (SCM) and today is an expert in mining business. The company’s activity is focused on providing high-tech package solutions, manufacturing and service of the equipment in the field of production, processing and transportation of minerals, as well as construction of mines.

Corum Company owns 7 production plants and repair sites in Ukraine and Russia, and also commercial firms in Ukraine, Russia, Kazakhstan, Vietnam and Poland.

According to PricewaterhouseCoopers audited data, in 2012 the total amount of the company’s sales has made 312.7 million euros. EBITDA has made 61.7 million euros.


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