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Azovmash To Start Production of Railcars for Food Products.

Azovmash To Start Production of Railcars for Food Products.

29 September 2008

The company announced plans to begin mass production of rail cars for carrying food products at the beginning of 2007, and the company’s press service said the first prototype was expected to be certified by the end of 2006. Azovmash is the holding company for Azovzagalmash (AZGM: BUY) and Mariupol Heavy Machinery (MZVM: BUY).  The State Property Fund has announced plans to privatize its 11% stake in MZVM this year.

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