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Skoda JS settled a contract with Paks

Skoda JS (Czechia) included into Joint Engineering Plants (OMZ) observed all obligations on the contracts stipulating the making of the drives for Paks Atomic Power Plant in Hungary, the company informed.

During last years the company managed to modernize the products to prolong the term of operation till 25 years. The drives were delivered to all units of this Atomic Plant. OMZ is the largest heavy engineering company working in the sector of the production, sale and servicing of the equipment for atomic energetics, mining industry. It involves OMZ Atom, OMZ Spetstal, OMZ Mining Equipment and OMZ Uralmash. It has the sites at Uralmashzavod and Izhorskie Plants and Skoda Steel/Skoda JS in Czechia.

The IH consolidated revenues reached $374.3 million or 9.6% higher prior year; operating profit rose 21% to $25 million. The stocks of the Company are under circulation on the Russian markets; ADRs - in Germany and US. 75% are held by Gazprombank-headed group of investors. (