MOSCOW (RNWire) - OMZ MINEQ, the Mining Equipment Division of OMZ (Uralmash-Izhora Group) (OMZ) (RTS: OMZZ; LSE: OMZD and OMZA; OTC: UHMVY), has signed a contract to supply an EKG-10 excavator to the Vietnam National Coal Corporation (VINACOAL). The excavator is scheduled for delivery in July 2006.
The contract terms provide for local manufacture of some components of the EKG-10 excavator at VINACOAL facilities. If filled successfully, the order may lead to other future cooperation and further orders.
The EKG-10, a crawler-mounted quarry excavator with a 10 cubic meter bucket, is designed for mineral mining and loading in open-cast mines, and also for piling and loading in storage facilities.
The excavator is equipped with the latest electronic management system with a full complement of safety shutoff systems. The cabin is spacious, pressurized, and is equipped with cabin heating and windshield de-icing, air conditioner, ventilation and anti-vibration chair.
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About VINACOAL
The Vietnam National Coal Corporation (VINACOAL) is one of the biggest coal producers in South-Western Asia. Among key sectors of its business are coal production, electrical energy production and machine building.
About OMZ MINEQ
OMZ MINEQ specializes in the production of machinery and equipment for all major stages of mineral production and processing, including blasthole drills, draglines, quarry crawler-mounted excavators and crushing equipment. OMZ is the leading supplier of heavy shovels in the Russian and CIS markets, commanding 90% of the domestic market.
About OMZ
OMZ (Uralmash-Izhora Group) is one of the largest Russian heavy industry enterprises. It specializes in engineering, production, sales and maintenance of the equipment and machines for nuclear power industry, and also in production of special steels and rendering of industrial services. The company includes OMZ NPPEQ, OMZ-Specstal, OMZ-MINEQ and OMZ Uralmash-Promuslugi divisions. OMZ divisions’ facilities are located in Russia (Uralmash and Izhorskiye Zavody) and Czech Republic (Skoda Steel и Skoda JS). According to IAS results of OMZ in 2004, company’s sales volume exceeded US$523.8 million (excluding results of companies sold by OMZ in 2004), EBITDA reached US$39.5 million, and OMZ net profit in 2004 amounted to US$61 million.
About OMZ
OMZ (Uralmash-Izhora Group) is one of the largest Russian heavy industry enterprises. It specializes in engineering, production, sales and maintenance of equipment and machines for the nuclear industry, oil, gas and petrochemical industry, and mining industry, and also in the production of special steels. OMZ divisions’ facilities are located in Russia and the Czech Republic.
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