OREANDA-NEWS. April 19, 2010. According to the recent release of the First Prime Minister Andriy Kliuyev, Kriukivsky Railcar Plant <KVBZ UK BUY> has started negotiations about the creation of a Ukrainian-Byelorussian Venture Company in partnership with Gomel Railcar Repair Plant to produce passenger railcars. The measures to establish the planned joint venture are to have been completed by the end of 2010. The press service of KVBZ specifies that it will deliver railcar whole sets of railcar parts to Gomel Railcar Repair Plant for complete assembly.

Millennium Capital: this news is undoubtedly positive for the Company, because the partnership with Byelorussia makes it possible for the Company to strengthen its positions at that market and to increase sales in 2011.