Metinvest Acquires Railcar Fleet

Metinvest, System Capital Management’s metals & mining wing, announced that it has acquired 582 freight railcars for its own fleet of freight railcars to ensure uninterrupted transportation of its companies’ products. The company’s press release said that operating its own fleet will be more economical after the introduction of additional tariffs by Ukrzaliznytsya. Azovzahalmash (AZGM: BUY) and Mariupol Heavy Machinery (MZVM: BUY) are beneficiaries of this move and corresponding orders are factored into our improved forecasts for the companies’ production in our latest report of July 17.