DTEK Energy acquires coal mining equipment companies from Corum

DTEK Energy has acquired shares in PJSC Svitlo Shakhtaria, Druzhkivka Machine Building Plant LLC and Mining Machines LLC, which formerly were part of Corum Group, which unites the machine building assets of SCM Financial and Industrial Group.

“These enterprises are the main suppliers of machinery and equipment for coal mining in the company. This transaction will enable DTEK Energy to reduce costs of mining and tunneling equipment, provide coal companies with spare parts on time and also give the opportunity to improve the quality of warranty and post-warranty service,” DTEK Energy said.

According to company CEO Dmytro Sakharuk, investments in production of mining equipment are a strategic step of DTEKpower holding. “DTEK Energy is an example of effective development of mines in Ukraine. Over 12 years of work, we’ve managed to almost double coal production. In many respects due to the fact that we know what technologies and what machinery are needed for coal enterprises operating in the conditions of ultrathin coal seams. This transaction will allow creating a full production cycle in the coal mining sector of the company. We believe that under the conditions when Ukraine needs to increase its own gas coal extraction, this decision will positively influence the result,” he said.

Corum Group is one of the largest manufacturers of equipment and suppliers of integrated mining solutions.