An Ukrainian heavy manufacturing company has begun producing 280t electric overhead cranes. The firm, NKMZ, or Novokramatorsk machine-building plant, has already built its first, a hot metal crane for the Russian Nizhniy Tagil metallurgical plant, according to the company. Total weight of the crane is 500t.
The crane is not a one off, it says, but part of a “general trend that have been observed in recent years towards improving the level of the mechanising processes that are being implemented by crane equipment, and expansion of its functions.”
NKMZ produces equipment for rolling mills, metallurgy and mining.
The company ended 2003 with net profits of UAH 97.338m ($18.8m) on top of UAH 698.48m ($134.6m) revenue, according to the company.
The company is privately owned. In 2001, the company bought back shares to make its total holding 50% plus one, and transferred them to managers at the Mashinvest Company. Just over one third of the shares of the company are owned by a single investor.
