Kryukiv Wagon (UX: KVBZ UK) produced 2,535 freight railcars in January-March 2011, up 30% y-o-y, according to Interfax yesterday. Output was 865 railcars in March. Vitaly Gorovoy: The first quarter production figure is in line with our expectations. The company is on track to meet its target of no less than 9,000 freight railcars this year.