SMT Scharf AG expands its presence in Ukraine
SMT Scharf founded a joint venture in the Ukraine in June of this year to provide local sales and service to the country's customers. As part of the agreements with the respective customers, SMT Scharf will establish a spare parts warehousing facility in the metropolitan region of Donetsk, and employ service staff there. SMT Scharf already operates a service location in the region in the Russian part of the coal deposits near the Black Sea.
"We are pleased with the strong reception from the Ukrainian mine operators," was how Dr. Friedrich Trautwein, CEO of SMT Scharf AG, commented on the sales success. "We regard this as a sign that productivity enhancement and operational safety are also being given an increasing priority there. The mines cannot achieve these objectives with cheap products."
SMT Scharf AG
The SMT Scharf group develops, builds and maintains transportation equipment for mining and tunneling. The main product area is rail-bound railways which are used all over the world, primarily in hard coal mines and underground mining for gold, platinum and other metals. They are used to transport material and personnel with working loads of up to 45 tons. Rail-bound railways are the only means of underground transport that can be used on branching lines to cope with inclines of more than 13 degrees. SMT Scharf's other key products are roadheaders, equipment for tunnel support and chairlifts. The SMT Scharf Group has its own companies in eight countries as well as additional dealerships worldwide. SMT Scharf records more than 80% of its revenue in high-growth foreign markets, such as Russia, China and South Africa. Business with spare parts and repairs accounts for around 40% of revenue. The entire market for underground transport technology comprises € 5 billion to € 7 billion per year according to the company's estimates. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007.