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Over Five Months of 2015 Corum Increased Share of Exports by 10.3%

Over Five Months of 2015 Corum Increased Share of Exports by 10.3%
18 Июня 2015

For the period from January to May 2015 Corum's share of exports totalled to 32.6%, exceeding the figures for the same period of the end of 2014 by 10.3%.

"The company plans for 2015 to achieve the share of exports in sales of 40%, this is almost twice as much as in the previous year. The main vectors of development of the company, among them operation in the foreign markets, are determined by the trends in the mining industry. Today we are talking not about the global expansion of our geographical presence, but about build-up of shares in the markets where we have already been operating. The offer for each individual market is created on the basis of an analysis of their needs. For example, proposals for mine building are relevant for Vietnam, whereas for Poland it is supply of equipment and for the CIS markets - repair and service business line," comments Corum Group CEO Yakov Sidlyarenko.


Over the past five years (2010-2014) the share of exports in the sales mix of Corum increased from 5% to 21.3%. 2015 is the most dynamic year: In the first quarter the share of exports made 30.6%, being in 32.8% April and 38.2% in May.

In the foreign markets Corum offers a full range of goods and services, including equipment supply, after-sales servicing and maintenance, design and construction of mines. At the end of January 2015 Corum registered a subsidiary in China – BEIJING CORUM MACHINERY. Chinese mining companies are interested in the equipment for thin seam mining manufactured by Corum. At the first stage of cooperation assembly of equipment will be organized in China, and basic units will be produced in Ukraine. In the future gradual strengthening of the local content in manufacturing and supply of equipment of the joint venture to the markets of other countries in South-East Asia is provided.


Company profile


The key competence of Corum Group is expertise in the coal 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 comprises production plants, repair and assembly sites in Ukraine and Russia, and also commercial firms in Ukraine, Russia, Poland and Vietnam.


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