UWC operational results for 4Q and full year 2017

United Wagon Company (UWC), a builder of innovative railway rolling stock in the 1520 mm track gauge zone, has released details of its financial results for the fourth quarter and twelve months of 2017.

The overall 4Q 2017 production of the Holding’s entities totalled 5.4 thousand railcars, a 9% increase compared to the same period of 2016. The annual railcar production grew by 20% to 19.1 thousand units: the Company successfully met its 2017 production target.

UWC continued to diversify its product line in the reporting period. The shares of tank cars and other rolling stock including flat cars and box cars in the annual production pattern grew to 4% and 7%, respectively, and will be increased further throughout 2018.

UWC’s product line was expanded to include a total 51 railcar models and modifications. In the reporting quarter, the Company has certified the following two railcar models: a conventional flat car with a carrying capacity of 77.5 ton fit to carry hazardous cargo tank containers and a tank car for concentrated nitric acid with a capacity of 75 ton and tank made of aluminium alloy. A total of 11 models and modifications have been certified by the Company over the year.

In 2017, 76% of newly produced railcars were sold to third parties. The Holding’s major buyer was State Transportation Leasing Company which acquired more 8.2 thousand gondola railcars. The Company also delivered 1.4 thousand railcars of various types to Alfa-Leasing. The third largest customer was United Grain Company acquiring 649 hopper cars ― the last batch delivered under the contract for the supply of 1,500 railcars. Large-size deliveries were made to Locotrans and Rusagrotrans.

For more information visit www.uniwagon.com

5th Mar 2018