UniWagon to Go for an SPO
United Wagon Company (UniWagon) might go for an SPO, the TASS reports. The decision was taken by the company’s Board of Directors. The company is to increase its joint stock capital at 8.5 M shares with 1 RUB par value (125.7 K USD). United Wagon Company is one of the largest Russian freight car manufacturers. UniWagon’s IPO was held in April 2015; the company sold 12.22% at 9.028 B RUB (133.5 M USD at the current exchange rate).
VEB to Grant a 400 M USD Loan to Transmashholding
Vnesheconombank (VEB) might grant 27.5 B RUB (400 M USD) to Transmashholding, the TASS quotes Russian Prime Minister Dmitry Medvedev who chairs VEB Executive Board. The decision on the loan is to be taken at the VEB Executive Board meeting. “We will consider some standard questions as well as critical questions on specific deals”, Mr. Medvedev said. “In particular, I mean granting a 27.5 B RUB loan to Transmashholding”. The funds will be used to finance leasing supplies of ca
UniWagon Bought Titran Express Assembly Plant
United Wagon Company (UniWagon) acquired 100% in “Titran Express” Tikhvin Assembly Plant, the Interfax reports. Titran Express is designed to modernize and repair over 3,500 freight cars p.a. UniWagon has already established the central service center for freight cars on Barber bogies at Titran Express. The plant also manufactures wheel sets and other components for new-generation freight cars. At the present time UniWagon has got 51 service centers and 6 training centers in
China Was Offered Participation in the Samara - Togliatti Speed Rail Project
Russian Vice Prime Minister Arkady Dvorkovich offered China participation in building the Samara - Togliatti speed railway, the PRIME reports. He made this statement at the meeting with Chinese Railways. “We met with Chinese Railways”, Mr. Dvorkovich said. “They participate in designing the Moscow - Kazan high-speed railway. We discussed the status of the project - everything is OK there in terms of deadlines; no delays. They would like to participate in other projects and I
OPZT President Gapanovich Met with US Companies
American Railway Club held a meeting with Valentin Gapanovich, President of the Union of Railway Equipment Manufacturers (OPZT) and Senior Vice President, OAO RZD. The meeting was arranged by the US Embassy in Russia and OPZT. The meeting was attended by Amsted Rail, GE, Wabtec, Timken, Cummins, GATX Vostok, Alcoa. RRC Rail Group spoke about two companies it represents - Nathan Airchime and Therm-Omega-Tech. The companies raised different questions from specific product appli
Transmashholding May Establish a JV in Hungary
Transmashholding may establish a JV in Hungary, the Kommersant quotes Russian Minister of Industry and Trade Denis Manturov. Negotiations were held in course of his visit to Hungary. Transmashholding is discussing joint manufacture of passenger coaches and trams with Dunakeszi Jarmujavito Kft. The JV might supply passenger coaches and trams to the Eastern Europe, Northern Africa and Middle East. Dunakeszi Jarmujavito Kft (DJJ) is a former repair depot of Hungarian Railways (M
S&P Confirmed RZD Ratings at BB+ / BBB-
Standard & Poor’s (S&P) confirmed OAO RZD’s long-term rating at BB+ / BBB- in foreign and national currencies, respectively, the PRIME reports. Outlook negative. S&P believes that the Russian Government, being OAO RZD’s sole shareholder, would support the company in time and as required. OAO RZD’s corporate rating is linked to Russia’s sovereign rating. On March 18 S&P confirmed long-term and short-term ratings of the Russian Federation at “ВВ+"/"В" in foreign currency and lo
Russia Manufactured 31 Trams in 2015
Russia manufactured only 31 trams in 2015, the RZD-Partner quotes Alexander Polikarpov, Deputy Head - Research Dept. with the Natural Monopoly Institute (IPEM). In 2005 - 2014 Russia manufactured in total of 1400 trams. Since 2008 tram manufacture is declining. Several large cities, e.g. Moscow and St. Petersburg, have long-term urban transport development programs. Tram operation is to be developed, inter alia, before the 2018 Football World Cup - Kazan is to build a dedicat
Aeroexpress to Invest 26.3 M USD in 2016
Aeroexpress approved its investment program for 2016 at 1.8 B RUB (26.3 M USD), the TASS quotes Aeroexpress General Director Alexey Sorokin. It makes over 50% to 2015. Mr. Sorokin said that the company will invest own funds and loans but did not comment on the ratio between the two. Aeroexpress is to build a new roofed platform at the Domodedovo Airport (Q2-Q3 2016) and acquire Stadler double-decker trains. Previously the company expected to get the funds from the National We
CPPK to Buy 45 DMU Trains by 2018 - 2019
Central Transit Passenger Company (CPPK) will need to buy 45 DMU trains by 2018 - 2019, the Interfax quotes CPPK General Director Mikhail Khromov. “To renew the DMU rolling stock fleet, we will need around 45 trains by 2018 - 2019”, Mr. Khromov said. CPPK has already acquired the DP-M DMU train. “However, we need to commission the first train and try it in operation, see what passengers’ opinion about it would be”, Mr. Khromov noted. The five-car DP-M DMU train was designed a
