Kryukiv Wagon might get 500 train order from state

Kryukiv Wagon (KVBZ UK) might get an order from state-owned railway operator Ukrzaliznytsya to produce up to 500 new suburban trains within the next couple of years, Ukrainian Prime Minister Mykola Azarov said today.

Roman Dmytrenko: The announcement looks extremely encouraging for Kryukiv Wagon; earlier this year Ukrzaliznytsya announced plans to acquire an additional 300-350 double-decker passenger railcars starting from 2014 for its suburban routes. The announced orders, if executed in full, would require the manufacturing of approximately 3,000 suburban passenger railcars. Given Kryukiv’s current capacity, this would effectively load its production for the next decade.