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Azovmash Inks Carriage Deal With Nizhnetagilskiy Metal Plant.

Azovmash Inks Carriage Deal With Nizhnetagilskiy Metal Plant.

25 November 2008

The company will deliver three steel carriages to the Russian metal plant.  The carrying capacity of each railcar is 250 mt. The carriages are to be delivered by the end of 2005. The value of the deal has not been disclosed. Concorde Capital: Azovmash is a managing company for Mariupol Heavy Machinery (MZVM: BUY) and Azovzahalmash (AZGM: BUY). In January-October, Azovmash companies increased their consolidated sales by 8.8% to USD 475.2 mln.

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