FAMUR Group opens a new year with a big contract

OOO FAMUR Russia company has signed another agreement on the Russian market. Within the contract FAMUR’s subsidiary will deliver a longwall system to Jubilejnaja mine, belonging to the TopProm holding. The order net value is approximately PLN 64 million.

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The agreement specifies that OOO FAMUR will provide Jubilejnaja mine with a longwall system consisting of powered roof supports and a shearer loader. The delivery of machines and equipment is planned within 200 days from the date of the first prepayment transfer in the amount of EUR 5,755,295.00. Jubilejnaja mine is located in the Kuznetsk Basin. Its coal deposits amount to 80 million tons.

– I am glad we are opening the 2018 year with another contract on the Russian market, which is one of the key directions of a foreign expansion of the FAMUR Group. For many years we have been providing the Russian mining companies with innovative, efficient and safe solutions. Extension of cooperation with another Russian partner will allow us to increase FAMUR’s involvement in the country where we already have an established position of a reliable supplier of proven equipment and an opinion of a trusted business partner – says Mirosław Bendzera, CEO of FAMUR S.A.

In 2017 the company completed a few significant orders for Russian customers, including the delivery of a powered roof support for S.M. Kirov mine for the amount of EUR 24 million, as well as the delivery of a longwall system to Chertinskaya-Koksovaya mine, within the contract worth EUR 17.5 million, signed with OOO „MMK-UGOL”. In November last year, FAMUR signed an agreement with AO UK Sibirskaya for the amount of PLN 73 million, which scope covers the delivery of a longwall system to Uvalnaja mine, belonging to AO UK Sibirskaya.

The development strategy of FAMUR Group is based on the Go Global foreign expansion program. For several years, the share of exports in the FAMUR Group’s revenues has been systematically growing. Today its level is 42%.