Nyzhnyodniprovsky Pipe Rolling To More Than Double Wheel Exports

In 2006, the company (NITR: BUY) is planning to export 500 ths railroad wheels, of which 167 ths wheels will be exported to non-CIS countries. Total wheel exports in 2006 will exceed last year’s level by more than double and 2004’s number by more than five times. Concorde Capital: NITR is re-directing its rail wheel exports to non-CIS markets due to competitive pressure from Russian wheel manufacturers, specifically, Vyksa Steel Works. Its key markets other than Russia are Canada, Germany, India and Egypt. Due to the high quality and international certification of its wheels, the company is a competitive wheel producer globally and can benefit from selling to high end European and North American markets.