OREANDA-NEWS. September 6, 2010. The Luhanskteplovoz, the major producer of mainline locomotives in Ukraine, has delivered six sections of the 2TE-116U diesel locomotives to Russian Railroads in August, the company representative announced Aug 3. In total, the company produced 36 sections of the 2TE-116U diesel locomotives in 8m2010, of which number 30 locomotives were delivered to Russia, 4 to Kazakhstan and 2 to Mongolia. Currently, the company is engaged in another project ordered by the Estonian locomotive depot.

Millennium Capital considers the news as neutral for LTPL, since it is already priced in as the supply of locomotives on a contract for Russian Railways was announced in early 2010.