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UA - Slowdown signs - Kryukovsky Railcar stops production

Millennium capital citing Mr Boyko deputy general director of the Company of Kryukovsky Railcar Plant one of the largest Ukrainian railcar building plants as saying that the company decided to interrupt the operation from April 1st to 20th because of no orders. Mr Boyko said during the forced stop of the production, the commercial division of the Company will find the opportunity to sign new orders. According to Millennium Capital analyst “This is second negative news in two days which touches Ukrainian railcar builders. It looks like less and less companies of Ukrainian machine building industry manage to stay out of crisis effect.”

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