AMKODOR closes the year with good results

In the last days of the outgoing year Deputy Director General of Economic and Financial Affairs of the JSC AMKODOR, holding managing company, E. Maximova told the press-service of the company about the results of the company’s activities in 2016 and plans for the future.

In 2016 AMKODOR holding managed to overcome the decline in industrial production lasted in 2014-2015.

Implementation of the contract with the JSC Promagroleasing for supplies of the machinery to the People’s Republic of Bangladesh had a great importance.

In 2016 we intensified our work on our traditional markets such as the Russian Federation, Ukraine, Kazakhstan where the AMKODOR machinery earned a solid reputation a long time ago.

The increase in production of the second quarter of 2016 was 11.1% compared to the same period of 2015.

The rate of increase in production of the third quarter of 2016 drastically accelerated and increased by more than 250% compared to the indices of the same period in 2015.

All in all, we close 2016 with very good results. Compared to 2015, the production scope of 2016 is on the level of 165-170%.

To stabilize the financial condition and continue its development, AMKODOR is aimed at focusing on further implementation of the tasks being successfully implemented this year, namely: develop new sales markets, reform functioning of the commodity distribution network at the developed markets to bring together strategic goals of the manufacturer and the seller of the machinery in promotion of the products, providing services and expansion of a range of the holding products on these markets; financially support the industrial production required for efficient functioning of the enterprise; provide consistent implementation of innovative projects on design and manufacture of competitive types of machinery and components; continue activities to reduce production costs.

The holding’s payroll budget in the second half of 2016 was already increased by 20% compared to the first half of the year. The same dynamics was for the year on year – the payroll budget was increased by 21.8% per one employee.

Next year we are planning to revise tariffs towards increase and hope for further production growth.