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THURSDAY, 24 july 2008
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[14.04.2008 21:06] Skhid Company Buys 15.1 Percent of Vinnytsya Instrument PlantKyiv-based Skhid (Vostok) trade and industrial company has purchased 15.1 percent of Vinnytsya Instrument Plant, according to the plant’s press-service. The shares have been bought from Kyiv-bases VVD Service which decided to sell its stake in the plant. UNIAN reference: Vinnytsya Instrument Plant was established in 1946 as a state-owned enterprise. In 1996, it was privatized and transformed into an open joint-stock company. Today, the plant has 3 workshops with 5 basic and 6 supplementary production lines, a store and a canteen. The plant’s main business is the production of metal-cutting tools for machine building industry which makes up 60.7 percent of its output. It also produces a variety of other tools and consumer goods. Nearly 40 percent of the plant’s produce goes for export to CIS and Baltic countries. In 2007, Vinnytsya Instrument Plant increased production by 293,000 hryvnias, or 3.06 percent, to 9.87 million hryvnias. Kyiv-based Megaprom company owns 51.53 percent of the plant’s stock.
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