OREANDA-NEWS. January 28, 2013. Mining Machines Group, the largest CIS company producing mining equipment, has a new company under its umbrella - Svet Shakhtyora machine building plant located in Kharkiv. This acquisition will enhance competitive advantages of the company and increase export operations of the plant.

The Antimonopoly Committee of Ukraine permitted Ukrainian Machine Building Holding (UMBH), a holding company of Mining Machines, to increase its stake in Svet Shakhtyora machine building plant in Kharkiv. Thus, UMBH's participatory share in the company increased from 20.7347% to 60.0021%.

On 5 December 2012 Serbia's Competition Commission also agreed a possible increase in the UMBH's stake in Svet Shakhtyora.

Integration of Svet Shakhtyora into Mining Machines Group will enhance competitive positions of the company. "Machine building companies have been operating in the global market for a long time and it is necessary to build an efficient production and service chain to win in stiff competition," stated CEO of Mining Machines Yevgeniy Romashchin. "Production sites of Mining Machines ensure high quality of the manufactured equipment and a possibility to offer clients products with the best QPR," he added.

Svet Shakhtyora will focus on production of chain-and-flight conveyors and plough units. This will help to strengthen technological and engineering areas of the plant, which has been successfully producing this equipment for many years. This will enable Mining Machines to offer clients long-wall complexes consisting of the equipment, which is well known to miners for its high quality and productivity.

As Mining Machines has got sales departments in Russia, Kazakhstan and Vietnam and pursues a new policy for entering the new markets, Svet Shakhtyora will be able to increase export operations," believes Igor Fomenko, Sales and Marketing Director of Mining Machines. In addition, buyers of the equipment manufactured by Svet Shakhtyora will be able to use services of Mining Machines maintenance departments, which will ensure high quality of after-sales and post-warranty maintenance.