OREANDA-NEWS. On 9 September 2009 was announced, that holding company AvtoKraz < KRAZ UZ  > will produce small scale car casting for car-building and car-maintenance plants. New plant is in test mode now. Its steel foundry capacity is 15 kt per year, non-ferrous casting foundry and model casting foundry are 300 and 500 tones, respectively.

Millennium Capital sees this news as POSITIVE. New manufacture allows producing this type of casting not only for the Company, but for car-building and car-maintenance plants also. Such diversification will make stronger KRAZ position at market because of declining it net cost and getting additional profit.

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.