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Corum has completed the deal on acquisition of "Shakhtspetsstroy"

2 Июня 2014

Corum Company announces completion of the deal on purchase of LLC "Shakhtspetsstroy" and affiliation of the enterprise with the Infrastructure projects Division referred to as "Corum Shakhtspetsstroy". Main activities of the company include underground excavations of horizontal, inclined and vertical workings of mines, and construction of tunnels for industrial and urban infrastructure.


Acquisition was made within the framework of the long-term company strategy to provide customers with comprehensive solutions in the field of mining and construction of mines. Recall that the Corum company currently implements a project on construction of two vertical shafts in Vietnam. 

According to the Director of Infrastructure projects Division of the Corum Group Vladimir Merzlikin, the company continues to transform its business model towards a concentration on the key processes. "By means of "Corum Shakhtspetsstroy" we increase the company's potential in the field of horizontal and inclined penetration, as well as in integrated projects to equip mining companies, including the supply of stationary equipment, installation and commissioning. We believe that the acquisition will allow the company to become more competitive and sustainable, "- said the director of the Division. 

Data on the activities of the enterprise "Shakhtspetsstroy" is a nonstate diversified mine construction enterprise. 
Its main activities include, among others, drilling and blasting operations for underground and open mining operations, special purpose blasting; civil and erection works on construction of general and special purpose surface facilities. During the operation time works on construction of more than 120 industrial facilities, vertical and inclined workings of pits and ore mines, were executed. 

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Information about the company
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. 
For more information, please visit the site www.corum.com.

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