OREANDA-NEWS. On 11 March 2009 was announced, that Kryukovsky Railcar Plant < KVBZ UZ UR > finished 2008 with the net profit UAH 400mn which is twice more than in 2007. This information was published in the latest company statement for the AGM which is going to take place on 24 April 2009. KVBZ is one of the leading Ukrainian railcar manufacturers. It produces a wide range of freight cars as well as passenger cars and different types of railroad equipment. KVBZ sold in 2008 6400 freight cars (7445 in 2007) and 112 passenger cars (34 in 2007). About 75% of products are exported in more than 20 countries. In 2008 the Company made first export delivery of passenger cars and escalators.

Decrease of cargo transportation due to current crisis phenomenon in metallurgy, machine building and mining industries which are the main customers of freight cars affected KVBZ freight cars output. But the Company’s efforts directed on diversification of product line leaded to positive results. Millennium Capital still thinks about KVBZ as one of the attractive assets on Ukrainian market.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.