Kryukiv Wagon to supply escalators to Baku and Kiev subways

According to Kryukiv Wagon (KVBZ: BUY), it won orders to deliver four escalators to Baku subway (Azerbaijan) and four escalators to Kiev subway. Since 2002 the company has produced 20 escalators. Inna Perepelytsya: We estimate the contracts at USD ~8 mln (2% of Krykiv Wagon’s 2007 sales). Thanks to sales diversification, Kryukiv Wagon will strengthen its competitive positions on the CIS freight wagons market since 2011.