Progress was established in 1996 and is a private company. The firm specializes in machine tool manufacturing, building materials, and construction services. The company owns 7.22 hectares of land, buildings, and transport roads. The company's two plants are located in Donetsk and Mariupol, Ukraine. Progress is situated in a special economic zone and enjoys a number of local and federal tax privileges. It also holds several patents for some of the building materials it produces. Its annual sales totaled US$1.3 million in 1998, with 15 percent of its sales originating in Kazakhstan and Russia. The company has influence with local and federal governments and is able to lease equipment with Donetsk regional government payment guarantees.
The firm seeks partners in:
- Machine building
- Metalworking
- Bicycle
- Motorcycle assembly
- Furnishings and fittings
The company plans on expanding its business involvement and is looking to establish joint ventures/cooperative agreements with U.S. companies in the five areas listed below.
1) Progress started production of hydrodynamic couplings used in mining, agriculture, wind power, and water supply equipment. The company has already established its presence in the NIS and Ukrainian markets with several local companies in machine building and mining and is looking to expand its production. Progress is seeking a joint venture with a U.S. company to produce hydrodynamic couplings using U.S. equipment. The company would also market and distribute accompanying U.S. products in the NIS and Ukraine to local machine building companies. The company seeks a U.S. company to contribute up to US$4 million in the form of advanced laboratory equipment for testing the quality and
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technical characteristics of hydrodynamic couplings, as well as balancing and metalworking equipment.
2) Progress seeks a joint venture to assemble bicycles and motorcycles. U.S. equipment and a distribution agreement with a U.S. bicycle and motorcycle manufacturer is desired. The agreement would be to sell the products jointly manufactured to the NIS and Middle East countries. Progress is looking for a U.S.-made bicycle and motorcycle assembly line as the input to the joint venture.
3) Progress seeks a joint venture to produce furnishings and fixtures on U.S. equipment and a distribution agreement with a U.S. furniture manufacturer to sell U.S. furniture manufactured jointly with Progress to the NIS and Middle East countries.
4) Progress is looking for the following U.S. equipment for a joint venture, which would be the U.S. company's contribution to the joint venture: laboratory equipment for mechanical testing of metals; equipment for the production of furnishings by the centrifugal casting method from light metals and using silicon/rubber molds; equipment for spectral analysis of non-ferrous metals; vacuum electric ovens for non-ferrous metals; and regular metal casting equipment. The U.S. company would provide up to US$1 million in the form of this equipment.
5) Progress has developed an aluminum lacy cast method using molds with boride, carbide, nitride, and transitional metal surfaces produced by plasma spreading, as well as the methods for carbide and crome surface spreading on cutting tools, by pirolease of bis-arsane chrome in vacuum metalization cameras. The company is looking to establish a joint venture with a U.S. company using similar technologies such as plasmadine, metko draiser, and union carbamide to jointly produce and sell their products to the NIS and Middle East countries. The joint venture partner would contribute up to US$5 million in the form of equipment able to perform such technical functions.
- Contact
- Serhiy Martynenko, Chairman of the Board
- Postal address
- Progress Co.
- 57 Livoberezhna Yul.
Donetsk, 340058 - Ukraine
- Telephone
- +380-44-235-8568; +380-622-93-3695; 93-2924; 93-2931
- FAX
- +380-622-93-2931; +380-44-235-8568
- Electronic mail
- None
Information supplied by BISNIS November 1999. Page last updated: January 19, 2004.
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