Stakhanov Wagon Works To Deliver 194 Boxcars For An Estimated USD 9.7 mln.

The company signed three contracts with undisclosed GOKs in Russia, Kazakhstan and Ukraine for the delivery of 194 boxcars by the end of June. Concorde Capital: These orders will push boxcar production 2.3 times higher than the company planned for 2006. We believe that this will change the product mix at Stakhanovsky Wagon Works (SVGZ: BUY), and not increase the total number of carriages produced in 2006. Until Ukrzaliznytsya, announces the winner of the tender for the delivery of 1000 freight carriages in 2006 in addition to the 2.5 ths to be made by Kryukovsky Carriage Building, we are sticking with our projection of 2.2 ths carriages for SVGZ.