Uralmash Sets Deal of US$ 322 Million with India

Uralmash (a subsidiary of UZTM-Kartex) has signed its largest deal in the last 30 years. UZTM-Kartex and Coal India Ltd Binay Dayal have signed a contract totaling US$ 322 million for walking excavators, according to the company.

Under the contract, the Uralmash plant will deliver five electric-powered walking excavators of increased power – ESH24.95 and will perform assembly of the equipment on the customer’s site. The OEM also will service machines for 11 years.

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PSR Analysis: ESH24.95 is an electric powered excavator with 24 cubic meter bucket and 95-meter jib. UZTM Kartex also makes diesel machines. Recently it has launched excavator with Cummins QSK-91 engine. PSR

Maxim Sakov is Market Consultant – Russia Operations for Power Systems Research

Maxim Sakov

Maxim Sakov is our Russia market consultant based in Moscow. He has been with Power Systems Research since 2011. Maxim has an MBA specializing in Marketing and has over 19 years of experience in the power products and drive train industry. He has worked as a Deck Officer in merchant marine, as a Sales Director for Unichimtek a Russian high-tech company and as Business Development Representative for Cummins Filtration in Russia. Maxim has extensive industry expertise in the technical, sales and marketing.

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