Kryukiv Wagon Will Deliver Wagon Kits to Belarus in 2009
OREANDA-NEWS. October 29, 2009. Kryukiv Wagon (KVBZ) plans to deliver 11 semi-finished passenger wagon kits to the Gomel Automobile-Repair Plant by the end of the year (it has already given them 14 YTD), and a total of 425 cargo railcar kits to the Mogilev Railcar Plant.
Concorde Capital: The Belarusian orders diversify the customer base of Kryukiv Wagon, which has been significantly reliant on orders from Ukrzaliznytsya. We estimate this contract to have a value of USD 17 mln, ~13% of Kryukiv Wagon's 2009E sales.
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