OREANDA-NEWS. September 13, 2012. “Pivdenmash” CEO Viktor Schegol expressed gratitude to the President for his support in the restructuring of the plant’s debt on the credit taken in 2004.

“I would like to thank the President and the Government for assistance that allowed us to implement the project “Cyclone-4”,” Viktor Schegol said in Dnipropetrovsk in the course of Ukrainian council on maintenance of the real economy.

According to the “Pivdenmash” CEO, the plant overcame financial challenges and continued its work only due to the assistance of the state in restructuring the credit.

In his turn, Head of Dnipropetrovsk Regional State Administration Oleksandr Vilkul noted: due to the state assistance in two years the company's turnover has tripled - from 560 million in 2010 to 1.8 billion expected on the basis of 2012. “The portfolio of orders for missile technology of “Pivdenmash” until 2015 equals 1.3 billion dollars,” he said.