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Efforts Are Made at “AutoKrAZ” to Fulfill Business Plan

02 June, 2016

This May, “AutoKrAZ” produced UAH 130m worth of products. 80 vehicles rolled off the company’s main assembly line, chassis cabs account for 60 percent of the total output, platform trucks for 31 percent, truck tractors for 6 percent, and dump trucks for 3 percent. Most vehicles were built in May under foreign trade contracts: 75 percent of vehicles are intended for export.

Except vehicles, the company manufactured UAH 1,3m worth of spare parts, UAH 1,8m worth of castings and 1 semi-trailer.

There are a number of reasons why “AutoKrAZ” failed to reach set targets in production of vehicles. The main factor that puts brakes on assembly process is severe shortage in working assets caused by debts owed by buyers to the company including debts of government agencies for vehicles supplied by KrAZ.

Nevertheless, intense efforts are made by managers and shareholders of “AutoKrAZ” to minimize external negative factors, to catch up on and fulfill business plan for this year by increase in production in the following months.

However, current financial situation does not affect fulfillment of KrAZ’s obligations: salary is paid in time, launched social projects have not been halted, equipment is being upgraded and manufacturing process are being improved.

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