Stahanov Railcar of Ukraine increased production in Q1 2011 by 109% YoY to 1,988 railcars. In particular, the company produced 738 gondola cars in March a 1.1x YoY rise.

Mr Eduard Miserva CEO of Stahanov Railcar said the company expects monthly output to reach 750 railcars supported by sustained market demand. The company previously announced its target of 8,500 freight railcars to be produced by the end of 2011.

As stated in the company’s press release, Stahanov Railcar is currently in the lead among Ukrainian railcar producers and holds fifth place among CIS rivals.

(Sourced from www.phoenix-capital.ua)