OREANDA-NEWS. July 26, 2010. Stakhaniv Wagon (UX: SVGZ UK) made 3,634 freight cars in 1H10, an increase of 7.5% over 1H08 and a first-half production record, the company noted in a press release yesterday.

Concorde Capital: Stakhaniv Wagon’s impressive output is being driven by renewed demand from Russia, where up to 56 ths railcars pass their service life and must be replaced each year. We expect the company to produce 6 ths railcars in 2010E. We are currently reviewing our target for this stock upward.