Kopex with €28 mln contracts in Russia

Mining machinery producer Kopex has signed three contracts for the delivery of machinery to Kuznetsk Basin in Russia. The total value of agreements stands at €28 million, the company announced. In line with the deals, Kopex will deliver two longwall shearers to the Bierezowska and the Jubilejna mines and one AFC scraper conveyor to the Polosuchinska mine. "All of the three contracts were signed in the period between February and April. After last year's doldrums, we see a revival in the Russian market. Our partners recognize the need to invest in high-performance machines and equipment," said Józef Wolski, CEO of the company. The agreements will be finalized in H2 2015.