Kryukiv Wagon to Deliver 112 Passenger Railcars to Ukrzaliznytsya in 2008

Kryukiv Wagon (KVBZ: HOLD) signed a contract to deliver 112 passenger railcars to Ukrzaliznytsya in 2008, it said in a press release. Inna Perepelytsya: It is doubtful that Ukrzaliznytsya, the only client for the company’s passenger wagons, will purchase 112 wagons from Kryukiv this year or the 88 it has ordered from Russian Tverskoy Wagonostroitelniy. Last year, Kryukiv planned to sell 54 passenger railcars to Ukrzaliznytsya, but only 34 were actually delivered. We conservatively forecast that Kryukiv will sell 80 wagons in 2008.