OREANDA-NEWS. November 25, 2009. Stakhaniv Wagon (SVGZ) plans to increase production in 2010 by threefold to at least 6 ths railcars, Eduard Miserva, head of the company's supervisory board said yesterday. Miserva said the company plans to make 2 ths railcars in 2009. Miserva said major customers Sibur-Trans, Brunswick Rail Leasing and FosAgro-Trans all planned to resume purchasing programs next year.

Concorde Capital: Though it is reasonable for Stakhaniv Wagon to increase output in 2010 in line with the recovery in the transportation sector, we view the management's guidance as overoptimistic. Currently, the company’s order book is filled only until the beginning of 2010. We expect a slower recovery in Stakhaniv Wagon's output, to 1.6 ths railcars in 2009E and 2.5 ths in 2010.