Severstal & Eurazholding Order Dniprovagonmash Carriages

Dniprovagonmash (DNVM), Ukriane’s largest rolling stock producer, announced that it won a tender to deliver carriages for the transport of coke to Russian metals giants Severstal & Eurazholding.  The size of the deal was not disclosed. Olha Pankiv: Though the size of the deal is reportedly relatively modest, with Russian producers unable to meet the country’s staggering demand for new rolling stock (over 125 ths Russian carriages are being used well past their expected lifespan) and the Russian government announcing plans to spend USD 26 bln to upgrade its railways over the next three years, this just the tip of the iceberg. We expect to see more Russian companies placing orders with Ukrainian machine builders in 2007.