TVZ Elected the Supervisory Board

04.07.2008 (17:52)

The holders of Tverskoy Wagon Works (TVZ) elected the new supervisory board.

Besides, the profit distribution was affirmed: 42.559mln rub. will be spent to pay up the dividends; 170.237mln rub. - to develop production and refill current assets.

ASM Audit was affirmed as an auditor, AK&M reports.

TVZ is one of the leading wagon works in Russia and CIS. The major holder is the government(42.48%), 25% being held by Transmashholding. The share capital is worth 0.25mln rub. split in 249605 common stocks of 1 rub. par.

The 2007-net profit (RAS) declined 20% to come to 212.796mln rub. from 266.789mln rub. prior year; revenues being up to 17.69bn rub. from 15.31bn rub. prior year.

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Publications on the theme

Vagonmash Increased the Net Profi.

01.08.2008 (14:56)

The IH net profit of Vagonmash rose (RAS) 4.1 fold to 71.232mln rub. against 17.008mln rub. prior year, the company informed according to AK&M.

Ukraine and Belarus to Launch Joint Production of Passenger Railcars

28.03.2008 (14:53)

Kriukov Car Building Works (Poltava region, Center Ukraine) and Gomel Car Repair Plant (Belarus) reached agreement on joint production of passenger railcars, the Kriukov works press service reported according to Railway Market-CEE Review.

Vagonmash Signed the Contract with OAO RZD

17.03.2008 (18:00)

Vagonmash settled the contract with OAO RZD on the delivery of 40 carriages-restaurants.

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