Metafrax, a Russian manufacturer and exporter of methanol, and United Wagon Company have entered into the purchase agreement for 134 new generation methanol tank cars. The rolling stock will be arriving at the chemical enterprise in the course of 2016.
Tank cars will be manufactured in the new enterprise of UWC — TikhvinChemMash, which launch took place in December last year.
“We intend to significantly increase the production and sales volumes as part of a strategy of the group of companies’ business development until 2030. A separate line of the investment budget is the improvement of the infrastructure, the upgrade of railway-fleet on a phased basis. The upgrade programme will be in effect until 2019 and it covers more than 900 units of methanol and formalin tank-cars. It is clear that we are interested in the new generation rolling stock, possessing high degree of reliability, developed in cooperation with UWC Holding,” Vladimir Daut, CEO at Metafrax, commented on the transaction said.
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