Luhanskteplovoz raises production 2.4x yoy in 10M08

Luhanskteplovoz (LTPL) increased production 2.4x yoy in 10M08 to USD 172 mln in real terms, according to Interfax. For the month of October, the company’s output was up 50% yoy, despite problems with suppliers due to the financial crisis. Luhanskteplovoz also said that its Russian customers have confirmed the orders they had previously placed with the company for next year.