Aplisens bumps Russian competition

Aplisens, a Polish manufacturer of industrial measuring equipment, recorded an increase of 30 percent in sales volume in Russia through the first three quarters of 2014. The company has been benefiting from the prolonged conflict in Ukraine, Aplisens' CEO Adam Żurawski said. "The growth is the result of taking over a market share of the firm's Russian competitors, after international companies became cautious about trade contracts with Russian partners," Wojciech Woźniak from brokerage Millennium DM explained. Exports amounted to 61 percent of the firm's revenue, which reached PLN 67 million in January-September 2014.