OREANDA-NEWS. July 02, 2008. In February 2008, the Russian Railways’ Board of Directors took the decision to establish four subsidiaries, BetElTrans, TransVudServis, the First Non-Metallic Company and the Novosibirsk Points Plant, in accordance with the concept for reforming the Company’s track complex, reported the press-centre of Russian Railways.  

BetElTrans, a subsidiary producing ferro-concrete sleepers, was established from 9 plants: the Vyazemsky, Caucasian, Chelyabinsk, Chudovsk, Engelssk and Khabarovsk plants, which make reinforced concrete sleepers, the Gornovsk and Liskinsk factories, which make special reinforced concrete, and the Kalikinsky Treating Plant.

The authorised capital of BetElTrans amounting to 3,7697 billion roubles was formed from the assets belonging to the factories which became part of the subsidiary and working capital. Russian Railways owns 100% of the company minus one share.

In accordance with its 10-year investment programme, BetElTrans will spend more than 6 billion roubles on purchasing new equipment, including production lines, and putting up new buildings and facilities.

TransWoodService, a subsidiary for impregnating wooden sleepers, was formed from the property of 11 treatment plants: Aursk, Bogdanovichsk, Bologovsk, Zelenodolsk, Navlinsk, Orenburg, Reshotinsk, Tayshetsk, Tihoretsk, Tomsk and Kharovskogo.

TransWoodService has an authorised capital of 1,945 billion roubles. Russian Railways owns 100% of the company minus one share.

The priority of TransWoodService’s investment programme is to raise the state of its factories to the required technological minimum and reduce wear and tear on its fixed assets to the set targets. The new treatment company’s investment programme over the next 10 years exceeds 1.3 billion roubles.

The First Non-Metallic Company will produce gravel and was formed from 18 plants: Angasolsk, Beslansk, Gumbeysk, Zhiphegensk, Isetskogo, Kamnerechensk, Krutokachinsk, Kuraginsk, Medvezhegorsk, Mochischensk, Olenegorskogo, Orsk, Sibirtsevsk, Sulinsk, Taldansk, Khrebetsk and Shershninsk. The authorised capital of the First Non-Metallic Company is 6.269 billion roubles. Russian Railways owns 100% of the company minus one share.

The First Non-Metallic Company has a 10-year investment programme of more than 5,5 billion roubles. The priority is to construct buildings and structures and purchase new equipment. The investment programme also provides for the possibility of building new plants at a cost of 5 billion roubles.

From 1 July 2008, another subsidiary of Russian Railways, the Novosibirsk Points Plant, began conducting independent financial and economic activity. Its authorised capital was formed from the plant’s property, working capital, funds for the registration procedures and the re-registration of licenses and amounts to 1,95 billion roubles. Russian Railways owns 100% of the company minus one share.

The investment programme over the next five years will amount to 893,9 million roubles and provides for the technical re-equipment of the factory, the acquisition and modernisation of equipment, and the gasification of the enterprise. It is planned to finance these measures from the company’s own internal funds.