Sumy Frunze Machine Engineering Plans to Increase Its Sales in 2009
OREANDA-NEWS. On 11 January 2008 was announced, that the management of Sumy Frunze Machine Engineering (PFTS: SMASH) at the general meeting of its shareholders held January 8, revealed its plans to increase the company sales in 2009 1.5 times as against 2008.
In 2009, taking into account the available portfolio of orders, the company expects to boost its products export to its key markets – Russia and Central Asia, as well as to broaden its products line.
According to the preliminary data of the company, in 2008, its sales grew 56% as against 2007 to USD 421.7 mn.