OREANDA-NEWS. January 27, 2010. According to a recent Luganskteplovoz press service release, the Company sales in 2009 amounted to UAH 429.661mn – or 66.5% less than in 2008 (UAH 1.284bln). LTPL produced 36 sections of 2TE-116U model diesel locomotives for Russian Railways (85 sections in 2008) and two locomotives for Ukrainian Railways last year.

Millennium Capital: these figures testifying to a sharp output decline in 2009 did not come as a surprise to us - it is the result of a decreasing demand for LTPL production. It is hard to predict Luganskteplovoz financial performance in 2010 because of a high uncertainty about the Company’s order book increase in the wake of its forthcoming privatization.