OREANDA-NEWS. September 25, 2009. According to Azovmash CEO Mr. A.Savchuk the Company has reduced its production for 50% in the last 8 months of 2009 in comparison with 2008, because of the declining demand. In spite of this the Company succeeds in preserving leading position at railway car building market.

The company suffers deficit of current assets, substantial decline of selling prices and delayed payments for produced and delivered production. Management of the Company tries to improve its state with effective marketing policy and efficient usage of funds and personnel (since October 2008 the Company has laid-off 4000 persons).

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.