ZTR could enter Saudi Arabian market
he Saudi Electricity Company (SEC, Saudi Arabia) has audited public joint-stock company Zaporizhtransformator (ZTR), a large international transformer equipment producer and part of the Energy Standard Group of businessman Konstantin Grigorishin, after which the company will decide on making orders of transformers made by ZTR for its own projects in the generation sphere, the ZTR's press service reported on May 17, 2012.
The press service said that the audit was conducted on May 14-15 during a business visit of an SEC delegation to ZTR.
The press release says that SEC has strict requirements for the level of suppliers and quality of equipment. The new manufacturer have to be included in a list of approved suppliers of the company to participate in tenders, pass pre-qualification and show correspondence to SEC's criteria.
During the audit, representatives of Saudi Electricity Company discussed the correspondence of equipment and technologies of the Ukrainian company to SEC requirements.
"ZTR faces a strategic task of getting into the list of approved suppliers of SEC and enter the Saudi Arabian market, thus strengthening the company's image on the global transformer market," the press service said, citing Sales Director at ZTR Oleksandr Tsiyer.
Zaporizhtransformator produces transformers, generating units and bus ducts. Since 2001, Zaporizhtransformator has been part of Energy Standard Group, the largest owner of which is businessman Konstantin Grigorishin.
In 2011, ZTR saw UAH 906.2 million in net profit, which was 2.6 times down year-over-year.