Stakhaniv Wagon to Deliver 300 Railcars to Turkmenistan

Stakhaniv Wagon (SVGZ: HOLD) announced yesterday that it had received an order from the Turkmen Railway Ministry for 300 railcars. The first cars are to be delivered to Turkmenistan in 2008. Exact terms of the deal were not disclosed.  The company ramped up production to 4,244 railcars in 9M07, a 3.3x increase yoy. The company is on pace to meet our full-year forecast of 5,200 wagons in 2007.