VAGONMASH

27.12.2008

On December 24, 2008 VAGONMASH CJSC shipped another 6 subway cars (two 81-572 cab cars and four 81-573 middle cars) manufactured for Warsaw subway (Poland). It was the third shipment of subway cars to Warsaw that was made under the contract signed in 2007. At present, CJSC VAGONMASH proceeds with manufacturing of the 4^th and 5^th subway trains.

VAGONMASH CJSC has already obtained the admission license allowing operation of those cars in Poland. 81-572 and 81-573 series cars specially designed to satisfy conventional European requirements run through a number of obligatory tests. Therefore, nowadays VAGONMASH is among those few Russian machinery plants that export and certify their products in EU.

Subway cars for Warsaw subway constitute the latest and the most comprehensive project that involves modification of the conventional Russian subway cars.

Modifications done by VAGONMASH CJSC affected every major system.

New stylish interior helps passengers to appreciate car “volume”, practical wearproof curved handholds are made of stainless steel and fit into the interior appearance perfectly. Comfortable seats are upholstered with soft European-made material and furnished with anti-vandal elements.

Another convenience for passengers is comfortable illumination provided by the rows of newly installed lights which are located along passenger seats.

Wearproof European-made linoleum contributes to advanced usability and helps to keep the interior tidy for a long time.

Forced vent system is used to distribute fresh air proportionally over the cab. Passengers will appreciate not only proportional distribution of fresh air but low noise level (68 dB) inside the cab as well. This value was accomplished through application of the components produced by the world leading manufacturers. Ventilating units use replaceable filters; therefore dust and allergic agents are removed from the supplied air.

For passengers’ convenience, the global information system was installed in the train - two scrolling text panels in each car. These panels will be used to inform passengers on the train’s route and provide them with other helpful information. Each of scrolling text panels located in both ends of the car will have a built-in surveillance camera gathering information of what is going on in the specific car. For the benefit of passengers, security communication system “passenger – engineer” has video communication and video recording function.

Engineer’s is the basic element of the safety and security aspect; that is why VAGONMASH paid special attention to engineer’s working conditions. Engineer’s cab with new compact control panel was designed on the basis of advanced human engineering approach. Conditioning system and vibration absorbing engineer’s chair with pneumatic adjustment make operator’s work more comfortable.

As the above cars were built using bogies with removable buffer plate suspension rods, it substantially reduces repair cost. Modified couplings made by the leading European manufacturer contribute to the enhanced reliability of the bogies.

Moreover, the design includes substantially modified subfloor equipment, a new highly reliable pneumatic circuit and convenient and safe doors (with anti-jam mode).

These cars have high level of fire safety unique for the RF: - interior of the car is made of steel covered with powdered enamel; - advanced fire-extinguishing system; - remote unlocking of the end intercar doors gives the opportunity to evacuate passengers via the stairways in the front of the train.

Warsaw subway appreciated cooperation with VAGONMASH CJSC and agreed to extend the partnership with the car manufacturer from Saint Petersburg by signing a new contract for the delivery of two more trains in 2009.

22.12.2008

On December 17, 2008 the yield of the 4^th coupon of VAGONMASH CJSC bonds (series 02) was paid in the amount of 75.54 rubles per bond. The total coupon yield paid on the 4^th coupon amounted to 75,527,082.66 roubles. Aggregate amount of coupon yield paid on 02 series bonds amounted to 240,077,082.66 roubles.

15.12.2008

On December 13, 2008 in pursuance of the Municipal Contract dated on June 2008 “Petersburg tram mechanical factory” OJSC shipped first three-unit 71-154 tramcar manufactured for Volgograd streetcar express system (Metrotram).

In accordance with the signed contract, the second similar tram will be shipped to Volgograd in summer 2009.

Therefore, having developed this class of tramcar the plant approached to construction of light rail transport (LRT). It was development of tramcar expresses projects that encouraged discussion on this mode of transport in Russia. Today, such projects are developed not only in Saint Petersburg, but also in Moscow, Voronezh, Volgograd and other cities.

12.12.2008

As it was scheduled, on December 10, 2008 “Petersburg tram mechanical factory” OJSC completed complex trials of 71-154 tramcar and the Interdepartmental Commission recommended it for serial production.

This model is a custom-built tramcar car specially designed for Volgograd streetcar express system (Metrotram) pursuant to the municipal contract for delivery of two express tramcars signed in June 2008.

Tramcar express is an advanced transportation system featuring improved transportation capacity, high car speed and enhanced safety achieved by a unique customized design of the street railway and vehicle itself according to a special technology.Although tramcar express is a technical continuation of regular streetcar system, it requires new spacious low-floor cars with sufficient number of doors and two cabs for two-way shuttle runs.

71-154 tram is a unique vehicle designed and manufactured by Saint-Petersburg streetcar makers and continues the series low-floor high-capacity trams by PTMF OJSC.

Eight-axle three-unit car designed and manufactured in the shortest possible time combines cutting-edge technologies with seasoned technical solutions, components and materials that proved to be efficient in 71-152 and 71-153 models. The main difference between 71-154 and the previous models is that it may be used for two-way (shuttle) runs as it has two operator’s cabs and does not require turning circles in the end of the route. Passenger can enter and leave the car from either side depending on the location of platform.

Elevation of the low floor of new PTMF cars is 350 mm. Low-floor share in 71-154 is 43%. Wide door openings on both sides of the car as well as passenger areas in the low-floor sections were made to speed up entraining/detraining process and improve transportation conditions for disabled persons and passengers with baby buggies. A standard car layout includes 50 seats and also contributes to enhanced transportation conditions.

The car has eight 90 kW rotary field motors used to comply with the traction and power requirements set out by technical norms and regulations for tunnels with increased air drag. Multi-purpose bogie uses two-stage springing system and vibration damping rubberized 6230 mm BonaTrans wheels and provides 750 mm elevation compared to 900 mm elevation typical for streetcars currently manufactured in RF. In case of any failure, each car can move without exterior traction as it has four independent traction drive mechanisms - one four each bogie. It can move using three, two or even one bogie .Traction drive system is equipped with so-called blackbox used to collect video information related to the performance of traction drive systems.

The car has an automatic locomotive alarm system designed to ensure automatic speed correction and perform interval train correction (ALS-ARS-ST).

Glued tinted PINKILGTON panels contribute to stylish appearance and protect from intense sunlight and prevent leaks. Cab windshield and side windows have electric heating.

Exterior and interior panels are made of polymer materials that eliminate corrosion and extend service life of the car body.

Advanced electric braking system keeps stopping distance within the set value, whereas mechanical brake applies at zero speed, thus minimizing brake shoe wear. Car anti-slipping and anti-skidding systems reduce rail impact and make slowdown process controllable under any circumstances .The car is equipped with hill holder system helpful at starting the tram on a slope. The car is equipped with the Lincoln automatic centralized lubrication system that minimizes maintenance efforts and ensures high-quality and timely lubrication of the car components and, therefore, extends service life of parts and mechanisms.

The major appliances are placed on the car roof and in the technical compartment of the cab. The car wiring was accomplished using Harting connectors, which ensure highly reliable connections, smooth and easy interconnection and disconnection made within the circuit, minimize likelihood of incorrect assembly and do not require any maintenance.

The car uses two collecting pantographs with electric drive by LEKOV Czech Company and modified and forced carriage adopted for overhead contact system currently used in Russia (overhead wiring load – 70 to 110N ± 10 N). Two Hubner coupling sets are installed on the car.

The interior of the car is decorated with several lines of luminous tubes equipped with high power electric blower heaters used for its heating and ventilation, audio information system, scrolling text information panel and emergency door opening system. Additional fresh air inflow is achieved by the four roof hatches with built-in fans. The car is built with Tamware doors equipped with injury-preventing mechanism and anti-jam function.

Operator’s control panel is based on the automated computer system with touch screen display. Video control system helps the operator to monitor the car and the driveway. Moreover, the blackbox of digital video surveillance system records video information that may be later extracted and analyzed and become helpful in case of accident or incident.

Air conditioning system maintains required level of comfort and microclimate in the operator’s cabs.

Therefore, having completed a car of this class the factory approached to construction of light rail transport (LRT). It was development of tram expresses projects that encouraged discussion on this mode of transport in Russia. Today, such projects are developed not only in Saint Petersburg, but also in Moscow, Voronezh, Volgograd and other cities.

09.12.2008

In the beginning of December 2008, “Petersburg tram mechanical factory” OJSC completed two 71-153 (LM-2008) cars for Gorelectrotrans SUE (Saint Petersburg).

The trial of LM-2008 tram was completed in May 2008, in summer it was presented to city authorities and in the second half of 2008 serial production of the car commenced.

LM-2008 is a new four-axle car that continues PMTF OJSC series of low-floor trams. It combines cutting-edge technologies with seasoned technical solutions, components and materials practically proven in 71-152 Pioneer cars used in Saint Petersburg since 2007.

Elevation of the low-floor of new PMTF OJSC trams is 350 mm. Low floor share of LM-2008 is 40%. Wide door openings on both sides of the car as well as passenger areas in the low-floor sections were made to speed up entraining/detraining process and to improve transportation conditions for disabled persons and passengers with baby buggies.

Glued tinted panes enhance exterior design of the car. Exterior and interior panels made of polymer materials that eliminate corrosion and extend service life of the car body.

The main thing about the new car is that it is a relatively small vehicle. Overall length of the car is 15 meters which helps it to fit well into the traffic stream without hindering. The car has four 55 kW rotary field motors sufficient to reach the speed of 75 km/h. The car equipped with anti-sliding and anti-skidding systems. Collecting pantographs with electric drive by LEKOV Czech Company are used to ensure continuous power supply to LM-2008 tram.

The standard layout of LM-2008 includes 19 to 31 passenger seats. The maximum capacity of the car is 165 passengers. The interior of the car is decorated with several lines of luminous tubes equipped with high power electric blower heaters used for its heating and ventilation, audio information system, scrolling text information panel and emergency door opening system. The car is built with Tamware doors, equipped with injury-preventing mechanism and anti-jam function.

Operator’s control panel is based on the automated computer system with touch screen display. Video control system helps the operator to monitor the car and the driveway. The air conditioning system maintains required level of comfort and microclimate in the operator’s cabs.

Currently, LM-2008 car manufactured at PMTF OJSC has no equals in Russia and CIS.

71-153 (LM-2008) trams have never been run in Saint Petersburg until now. Company’s further intentions are to extend relations with Saint Petersburg Transport Committee and GUP “Gorelectrotrans” aiming to get the contract for the supply of more trams in replacement of the cars exceeded their operating life.

08.12.2008

On December 2008, “Petersburg tram mechanical factory” OJSC delivered two remaining 71-152 trams (PIONEER) to GUP “Gorelectrotrans” (Saint Petersburg) and therefore completed the State contract signed by Saint Petersburg Transport Committee, “PMTF” OJSC and GUP “Gorelectrotrans” in April 2008.

“PIONEER” (LVS-2005) - is the first Russian tram in which low-floor are exceeds 60 %. The main parameters of the car fully comply with European standards for low-floor trams.

The car design was focused on the comfort of passenger with baby buggies, disabled and elderly passengers – it includes wide openings and passenger areas located in the low-floor section of the car (with floor elevation - 35 cm).

New trams made in 2008 were manufactured applying new technical solutions and considering numerous GUP “Gorelectrotrans” requests that had been made based on the previous experience.

At present 21 trams of this model can be seen on the streets of Saint Petersburg. 5 of these 21 cars were supplied in 2007, the remaining 16 were supplied under this year State contract.

4 more streetcars are to be supplied to GUP “Gorelectrotrans” (Saint Petersburg) till the end of 2008.

02.12.2008

“VAGONMASH” CJSC and “Petersburg tram mechanical factory” OJSC joined Saint Petersburg Chamber of Commerce and Industry.

On November 27^th, 2008 “VAGONMASH” CJSC General Director Andrey Kabanov and “Petersburg tram mechanical factory” OJSC Executive Director Mikhail Leontiev participated in joining ceremony that took place in the Theater Hall of Saint Petersburg Chamber of Commerce and Industry where they were handed their membership cards.

“VAGONMASH” CJSC management and “Petersburg tram mechanical factory” OJSC management express confidence that further cooperation with CCI (Saint Petersburg) will positively affect economic capacity, give new opportunities for product promotion on domestic and external markets, create favorable conditions for corporate development and will certainly contribute to the reputation of both entities within saint Petersburg business community.

25.11.2008

“VAGONMASH” CJSC has been awarded contract with “Minsky Metropolitan” KUP to supply 11 cars in 2009. The cars shall be delivered to Minsk within the first quarter of next year. The total amount of the contract is 200 mln. rubles.

All the cars to be delivered under the contract are 714.5М model middle cars (no cabs) and they will be used to vary train consist on Avtozavodsky line of Minsk subway by increasing the number of passenger cars from 4 to 5 cars.

It should be noted that approximately 130 cars manufactured by “VAGONMASH” CJSC are currently used in Minsk subway (more than 50% of all cars).

24.11.2008

Rating agency «Expert RA» confirmed its credit rating B+ for “VAGONMASH” (positive level of credit standing).

Transparent ownership structure and strategic development plan – these are the factors that positively affect “VAGONMASH” CJSC creditability. “One of the company’s advantages which is of a prime importance in the context of corporate financial crisis is the distribution of order portfolio between private and municipal customers ensuring flexible system of funds receipt transferred for the supplied company’s products. In general the company managed to regain its production volume providing sufficient funds for technical upgrade and R&D activities. In the future we expect the growth of the share of innovative products with high added value” - the head of “Expert RA" Corporative Credit Rating Department Alexander Voronin said.

Net sales of “VAGONMASH” CJSC within first 9 months of 2008 showed 7.29 % growth comparing with the similar period of the previous year, and reached the value of 1585.7 mln. rubles.

01.11.2008

The conference with the supplier’s was held at “VAGONMASH” CJSC on October 29^th. The time of the conference was coincided with ongoing process of contract signing for 2009. This event was organized by “VAGONMASH” CJSC management for the second year in a row pursuant to its previous decision on annual meetings with the representatives of the supplying companies.

This year nearly 70 representatives from 60 companies took place in the conference. The main objective of the hold event was to further constructively develop mutually beneficial relations and familiarize the suppliers with “VAGONMASH” CJSC main quality requirements. Quite a few vital issues concerning scopes of supply for 2009, contract terms for execution, strategy of joint operations were discussed at the conference.

In general the representatives of the companies were positive about organization of such conferences and wished mutually beneficial partnership would be continued.

13.10.2008

CJSC «VAGONMASH» continues shipments of cars to the State Unitary Enterprise «Petersburg underground» according to the concluded contract. In the end of September the next 4 head cars of model 81-540 and the first 4 intermediate cars of model 81-541 have been shipped.

On October 08, 2008 in territory of electric depot «Northern» of the St. Petersburg underground demonstration of work of the equipment of cars of the given model for emergency evacuation of passengers has been performed. Demonstration of works has passed with the assistance of the Chief of service of rolling equipment A.N.Strekalovsky and responsible representatives of divisions of underground operation. The given system of evacuation allows passengers to pass successfully along the train to any of two cabs and safely come out of the car by an emergency gangway.

The similar system of evacuation of passengers is accepted also by the Warsaw underground, for which the CJSC «VAGONMASH» now delivers underground cars as well.

03.10.2008

On September 29, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) and the Department of transport and communication of the Kemerovo area have signed the State Contract on delivery of the tram car of model LM-99АВ.

Car LM-99AV will be delivered to the town of Osinniki which traditionally uses tram cars manufactured by OJSC «Petersburg tram mechanical factory» throughout last 15 years.

Car LM-99AV concept is created taking into account modern trends of industrial design. The aesthetic appearance is successfully combined with elaborate technological solutions.

Head and front parts of a body of the tram car are made of fiberglass in the shape of a mask. In the top part of a body fiberglass skirts are installed. Zones of trucks placing have easily opened casings also made of fiberglass. Doors for boarding have the same shape as the body. The back platform with low level of a floor is equipped by a ramp for passengers with baby carriages and motion handicapped persons.

The interior of passenger compartment is made according to the advanced modern technology on the basis of formed fiberglass panels. The design and technology of installation of panels exclude presence of visible fixture and provide modern and original appearance of the compartment. The light line meant for transport based on luminescent lamps is applied to compartment illumination. New armchairs for passengers and the floor covering matching the interior provide still more comfort and attraction for passengers. The workplace of the driver is designed according to operating standard documents and ergonomic requirements. The due comfort and microclimate in the cab is provided by air conditioning system.

The new ergonomic panel of the driver provides necessary requirements on tram driving as well as necessary level of comfort and convenience. The electric equipment is supplied by equipment of protection against radio noise, overloads, short circuits in the power and control circuits.

Trams LM-99АВ become more popular with townsmen and are approved by the operating organization that allows OJSC «PTMF» to count on the further delivery of production for improvement of transport service of inhabitants of Kuzbas.

04.09.2008

On August 29, 2008 OJSC «Petersburg tram mechanical factory» and municipal unitary enterprise «Tulgorelectrotrans» have signed the Contract on delivery of the tram car of model LM-2008.

The complex of tests of the tram car of model LM-2008 has been finished in May, 2008, and from the second half of the year the enterprise has started batch production of the new model.

LM-2008 is a new four-axle car of the model range of low-floor trams of OJSC «PTMF» which batch production was started by Petersburg car manufacturers in 2006. The tram combines both new and tested technical solutions, components and materials which have proved in practical application on tram cars of model 71-152 «Pioneer» operated in St.-Petersburg since 2007. The height of the low floor of cars of a new series of OJSC «PTMF» is 350 mm. The part of low floor of LM-2008 is 40 %. Two wide doorways and a collection platform in the middle low floor part of the car allow to increase speed of boarding and landing and to improve comfortable conditions for passengers with baby carriages and the handicapped. Compactness is one of advantages of the new tram. Car total length is 15 meters that allows the tram to enter harmoniously in a city transport stream without making additional hindrances to other participants of traffic. In external decoration of the tram pasted blacked-out glass cover is applied. The external and internal covering is made of polymeric materials that excludes corrosion and raises durability of the body. The new universal truck with two-level cushioning and «BonaTrans» wheels with rubber lining decreasing vibration allows to provide floor height over power trucks of 750 mm while trams made in the Russian Federation now have the height of 900 mm. The car is equipped by 4 asynchronous traction engines with capacity 55 kW each that allows the tram to accelerate to 75 km/h. The car is also equipped by anti-skid and anti-slip systems. For maintenance of an uninterrupted food of the traction equipment, tram car LM-2008 is equipped by a pantograph with «Lekov» electric drive. The standard lay-out of passenger compartment of LM-2008 provides from 19 to 31 seating spaces. In this case the maximum passenger capacity of the tram is 165 persons. The car compartment is equipped by light lines based on luminescent lamps, powerful electric heaters for heating and ventilation of the compartment, sound information boards of the «creeping line» type as well the system of address opening of doors. «Тamvere» doors have the safety mechanism with anti-clamp function. The panel of the driver is based on the automated system of the onboard computer with the touch display. By means of digital system of video monitoring the driver can supervise conditions in the compartment and on the roadway. Rear-view mirrors have a remote control gear and are equipped by electric heating system. The due comfort and microclimate in the cab is provided by air conditioning system.

The given car is the second stage in development of the model range of trams of new generation of OJSC «PTMF» made on the basis of the series of low-floor cars with raised capacity. There is no analogue to the car LM-2008 constructed by OJSC «PTMF» in Russia and CIS countries.

Having concluded the given Contract, the city of Tula became the first city of Russia which has got new model of the tram car LM-2008 for electric transport.

13.08.2008

On August 12, 2008 CJSC «VAGONMASH» within the limits of the State contract concluded in the beginning of this year has shipped to the State Unitary Enterprise «St. Petersburg underground» the first 2 head cars of model 81-540.

According to the technical project coordinated with the Petersburg underground for all cars modern interior based on shaped panels from fiberglass as well as convenient ergonomic passenger seats have been developed. Cars are equipped by new luminescent light lines with the built in system of notification and possibility of installation of fire-prevention system, protective vandal-proof Llumar film is put on internal compartment glasses of the car.

Head cars are equipped by automatic driving system. The front wall of cars is made in the mask shape from fiberglass with internal metal frame. The uniform windshield has the increased size as well as the increased rear-view mirror provide the best visibility for the driver. The cab is equipped by an additional noise insulation and conditioner. On all head cars the control panel of the new design meeting modern requirements of ergonomics and styling is installed. In case of an emergency car passengers can pass along the train and come out to the track through a door in a front wall of the head car.

The Joint-Stock Company "VAGONMASH" is the main supplier of cars for Petersburg underground.

In total the enterprise will deliver this year for the St. Petersburg underground 27 cars (10 head cars of model 81-540 and 17 intermediate models 81-541). The contract price is about 491 million rubles.

12.08.2008

On August 08, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) has shipped to the State Unitary Enterprise «Gorelectrotrans» of St. Petersburg first two cars «Pioneer» of model 71-152.

Trams are delivered within the limits of the State contract signed in February, 2008 between Transport Committee of St. Petersburg, OJSC «PTMF» and State Unitary Enterprise «Gorelectrotrans». For the first time purchase of cars of this model has been made in the end of 2006 and now 5 such cars are operated in St.-Petersburg.

«Pioneer» (LVS-2005) is the first tram car of the Russian manufacture with a part of low floor more than 60 %. On the basic technical parameters the car completely corresponds to low-floor cars of the European level. Numerous innovations of this tram include the modern appearance, improved interior of the compartment, application of energy-efficient electric drive, possibility of moving in independent mode as well as perfect forms of driving (from the onboard computer to joysticks of adjustment of lateral mirrors). The special attention is paid to needs of passengers with baby carriages, invalids and pensioners; in cars wide doorways and storage platforms in low-floor tram parts where the height of the floor for boarding is 35 cm are provided.

During manufacture of new cars of 2008 numerous requests of St. Petersburg State Unitary Enterprise «Gorelectrotrans», based on operating experience have been considered and also some new technical solutions are applied.

In total within the limits of State contract 2008 of OJSC «PTMF» will manufacture and deliver 16 cars of the given model.

28.07.2008

On July 25, 2008 CJSC «VAGONMASH» has sent the first train of cars of the underground for the Warsaw underground, in number of 6 cars (2 head cars with a cab and 4 intermediate cars).

For a month between delivery and putting into operation of the first train in Warsaw, experts of CJSC «VAGONMASH» should conduct all necessary works on approval of its specifications and fire safety on conformity to the norms operating in the European Union.

All cars of the given delivery have been specially developed by technical requirements of the Warsaw underground and designed for transportation of passengers on underground lines with possibility of a short-term exit to the surface. They essentially differ from cars of batch-produced models as they are equipped by the new original modern interior made of fireproof materials, high-efficiency forced ventilation system of passenger compartments. The noise level in passenger compartments is considerably lowered at the expense of using non-conventional ventilation. On cars the modern system of fire alarm system and automatic fire fighting system of separate fire-hazardous sites are used.

In car compartments vandal-proof seats of the European manufacture are installed. Complex digital information system provides the following functions: video monitoring of all compartments and cabs with video information preservation; broadcasting of voice information on the train; communication «passenger - driver»; broadcasting and displaying of information to digital information panels «creeping line» installed by two on each car. Two light lines based on luminescent lamps provide necessary illumination and match the style of passenger compartment. Cars outside have painted and varnish covering with increased fire-prevention properties manufactured by the European company. Asbestos materials are not used for the car design.

The head part is based on the metal frame faced with fiberglass from the outside. In the head part there is a door for evacuation of passengers on railway lines in case of an emergency. The cab is made according to modern ergonomic requirements; it has a windshield of the increased size and original rear-view mirrors providing increase of visibility for the driver; air conditioning system, driver’s seat of enhanced comfort are provided. The driver panel has a new design, it is developed according to the Russian and European requirements of ergonomics, equipped by instrumentations, light-signal and switching elements used by leading world manufacturers of rail transport. The new controller of the driver is the basic driving control made on modern element base that has allowed to reduce its dimensions considerably.

In total CJSC «VAGONMASH» according to the contract concluded in 2007 will deliver to the Warsaw underground till the end of this year 30 cars (10 head models 81-572.2 and 20 intermediate models 81-573.2).

Interest to cars of the given models manufactured by CJSC «VAGONMASH» was already shown by some Russian undergrounds as well as by undergrounds of the CIS countries as on the one hand cars meet the main European requirements, and on the other hand, there are in much more comprehensible price range than offers of the European manufacturers.

25.06.2008

On June 19, 2008 payment of the coupon yield by the sixth coupon of bonds of CJSC «VAGONMASH» of a series 01 at the amount of 67,32 rubles on one bond was made. The total sum of the paid coupon yield by the sixth coupon was 20 196 000 rubles. The total coupon yield paid by bonds of a series 01 was121 176 000 rubles.

19.06.2008

On June 18, 2008 payment of the coupon yield by the third coupon of bonds of CJSC «VAGONMASH» of a series 02 at the amount of 54,85 rubles on one bond was made. The total sum of the paid coupon yield by the third coupon was 54 850 000 rubles. The total coupon yield paid by bonds of a series 02 was 164 550 000 rubles.

16.06.2008

On June 09, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) has concluded the municipal contract on delivery of high-speed tram cars for municipal unitary enterprise «Metroelectrotrans» of Volgograd.

According to conditions of the contract OJSC «PTMF» plans to deliver to Volgograd 2 high-speed tram cars: first - till the end of 2008, the second - in first half of 2009. Tram which will be delivered for Volgograd by the OJSC «PTMF» is a 3 section car with low level of the floor. The given car will be the third stage in development of a model range of trams of new generation of OJSC «PTMF» made on the basis of a series of low-floor cars of increased capacity.

The design of the new car and the basic components have something in common with already known to passengers of St. Petersburg 6-axle tram «Pioneer» (LVS-2005) and prepared in this year for a batch production new 4-axle tram LM-2008 which presentation has taken place last week in St. Petersburg.

The vice-governor of St. Petersburg A.I. Polukeev has taken part in presentation of the new model of a tram. He has noticed that it is already the second model of a tram manufactured by OJSC «PTMF» which is approved by the city administration. The first model is a 6-axle tram «Pioneer». Five trams of the given model have been delivered by PTMF to St. Petersburg last year. «This year we are buying 16 trams in addition. We think that the tram is very convenient, good, beautiful and is worthy of being on the streets of our city» - said the vice-governor.

11.06.2006

On June 03, 2008 the annual general meeting of shareholders of OJSC «Petersburg tram mechanical factory» (PTMF) took place where the annual report of the Society following the results of 2007 and the accounting report of the Society for 2007 were approved. Shareholders of the Society elected new members of Board of directors and the Society Revision committee.

More detailed information on decisions of the shareholders accepted on annual general meeting and text of the annual report of the Society by results of 2007 see in section «for Investors».

05.06.2008

On May 26, 2008, by results of open auction of Volgograd conducted by Administration OJSC «Petersburg tram mechanical factory» (PTMF) has acquired the right to the conclusion of the contract on delivery of 2 high-speed tram cars for municipal unitary enterprise «Metroelectrotrans». One of cars is planned to be delivered till the end of this year, the second - in the first half of 2009.

System of a high-speed tram (metro-tram) operating in Volgograd, for today is unique in Russia.

The high-speed tram is a type of light rail transport, which is a regular high-speed, mainly land, rail type of a municipal transport. It differs from a usual tram by the arrangement of lines isolated from a street roadway, longer sections, higher speed and longer trains that allows to provide higher carrying capacity than a tram.

In Volgograd the high-speed tram is one of the tram routes which extent now is about 14 kilometers; there are 18 stations located in a line. From them 3 stations are constructed by underground standards, the site in length of 3,3 kilometers is laid under the ground. The land site is reconstructed from a usual tram line for maintenance of high speeds of movement and minimization of crossings with other types of transport.

Trams which will be delivered for Volgograd by OJSC «PTMF» is 3 section cars with low floor level. The given car will be the third stage in development of a model range of trams of new generation of OJSC «PTMF» made on the basis of a series of low-floor cars of increased capacity. The design of the new car and the basic components have something in common with already known to passengers of St. Petersburg tram «Pioneer» (LVS-2005) and 4-axle tram LM-2008 prepared in this year for batch production.

Having won auction on delivery of a high-speed tram for Metrotram of Volgograd, OJSC «PTMF» has had an opportunity to be the first in the Russian Federation to start manufacture of rolling equipment for systems of light rail transport (LRT) which development is actively discussed now in Russia. Future plans of OJSC «PTMF» include development of a model range of a high-speed rolling equipment and participation in the projects similar to the «Elevated express » project in St. Petersburg.

30.05.2008

OJSC «Petersburg tram mechanical factory» (PTMF) within the limits of the State contract concluded this April has delivered to St. Petersburg State Unitary enterprise «Gorelectrotrans» first five trams of model 71-134А "Solo".

Solo is a 4-axle car with asynchronous drive and partially low floor. OJSC «PTMF» manufactures the given model of the tram car since 2005. Last year the enterprise has delivered more than thirty trams of the given model for St. Petersburg State Unitary Enterprise «Gorelectrotrans» which are already successfully operated on various city routes. Till the end of August, 2008 the enterprise plans to ship 24 more such cars.

23.05.2008

CJSC «VAGONMASH» and Unitary Enterprise «Minsk A.F.Myasnikov car-repair plant» have signed the long-term contract on manufacturing and delivery in 2009-2011 of 135 car sets of carriages, from them 90 car sets for open-plan carriages of model 61-537 and 45 car sets for compartment cars of model 61-537М. Compartment cars will provide compartments for transportation of handicapped passengers.

The contract total price was more than 800 million rubles.

CJSC «VAGONMASH» cooperates with the Minsk car-repair plant from the end of 2006.

In 2007 the enterprise has shipped to Belarus 21 car sets. This year it has already made 10 car sets (7 - for open-plan carriages and 3 - for compartment carriages). Till the end of 2008 according to the concluded contract, CJSC «VAGONMASH» plans to deliver to Minsk car-repair plant 20 more car sets.

The new three-year contract signed this month is the first experience of CJSC «VAGONMASH» on the conclusion of contracts with customers for more than a year.

Such long-term contracts, unfortunately, are not concluded yet between CJSC «VAGONMASH» and Joint Stock Company «Russian Railways», the basic customer of production of the enterprise for railway carriages. In spite of the fact that such practice of the conclusion of long-term contracts on delivery of rolling equipment in branch of railway mechanical engineering is provided by new strategy of development of branch till 2015. Besides, such contracts allow to generate long-term business plans for development of capacities of the enterprise and to involve external investments, on the one hand, and on the other hand, guarantee enforceability of the investment program on updating of the rolling stock of customers.

16.05.2008

On May 15, 2008 OJSC «Petersburg tram mechanical factory» (PTMF), as it was planned, finished a complex of tests of the tram car of model LM-2008 and by the decision of the Interdepartmental Commission the car received the official approval for operation in city streets.

LM-2008 is a new 4-axle car with a part of low floor of 40 %. Numerous innovations of this tram include the modern design, improved compartment interior, application of energy-efficient asynchronous traction engines, decrease in total weight of the car and, consequently, expenses for its operation (including expenses on the electric power), as well perfect forms of driving (from the onboard computer to joysticks for adjustment of lateral mirrors). The special attention is paid to needs of passengers with children in carriages and the handicapped: collection platforms in the lowered part of the compartment are equipped by adjustable ramps and specially equipped places.

The given car is the second stage in development of a model range of trams of new generation of OJSC «PTMF» made on the basis of a series of low-floor cars of increased capacity. The design of the new car and the basic components have something in common with already known to passengers of St. Petersburg tram «Pioneer» (LVS-2005). Five such trams are used in the city streets since 2007. There are no analogue to the cars constructed by PTMF in Russia yet.

In second half of 2008 OJSC «PTMF» plans to start batch production of a tram car LM-2008 which, as the enterprise expects, will be a good decoration for streets of Russian cities.

06.05.2008

Section «for Investors» contains CJSC «VAGONMASH» annual report for 2007 and the basic data by results of the Annual general meeting of shareholders on April 29, 2008.

In 2007 CJSC «VAGONMASH» has manufactured 148 cars, among them 18 underground cars and 130 main cars, to the total amount of 2,2 billion rubles (without the VAT). In total cost of sold products and services in 2007 was 2,3 billion rubles, including 326 million rubles for export. Thus, the sales revenue in comparison with 2006 has increased more than twice.

The total amount of tax payments was 165 million rubles.

Last year contracts were concluded and delivery of cars for our regular and new customers is provided.

Cars for the St. Petersburg and Minsk undergrounds were delivered.

Delivery of interregional cars (67 units) and dining cars (25 units) for one of key customers of the enterprise - Joint Stock Company «Russian Railways» is continued. Dining restaurants of «Lux» class which have been included in structure of new firm train of Russian Railways - the «EXPRESS» running on the route Saint-Petersburg- Moscow from last December had been manufactured.

In 2007 one of the most significant contracts for last years - the contract on delivery of cars for the Warsaw underground (Poland) has been also concluded. The given cars will essentially differ from cars of the previous delivery as they will be equipped by a new interior and appearance, high-efficiency ventilating system of passenger compartments, modern system of a drive and door control and other technical innovations. In total the enterprise will deliver to the Warsaw underground 30 cars in 2008.

On the investment purposes in 2007 more than 63 million rubles has been directed. Development and designing of the new underground car became the main investment project which implementation has begun last year. Within the limits of this project in February, 2007 CJSC «VAGONMASH» and SKODA TRANSPORTATION s.r.o. have concluded a license contract on development of design technological documentation for manufacture of new type of cars of the underground with asynchronous drive. The parties plan to finish manufacture in 2008 and to start tests and delivery of the first model train of new generation to the interdepartmental commission.

04.05.2008

On April 30, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) has completely performed contract obligations to municipal unitary enterprise «Tram and trolleybus Administartion» of Khabarovsk having shipped the last 2 cars of model LM-99 AVMN. The contract concluded in February of this year provided delivery of 10 trams till the end of April, 2008.

All tram cars are planned to be put into operation to the 150 anniversary of Khabarovsk on May 31, 2008.

30.04.2008

On April 29, 2008 the annual general meeting of shareholders of CJSC «VAGONMASH» has taken place. The annual report of the Society following the results of 2007 and the accounting reports of the Society for 2007 have been confirmed. Shareholders of the Society have made the decision on payment of dividends following the results of 2007 at the amount of 588, 20 rubles on one ordinary share, the new members of Board of directors, the Revision committee and Counting commission of the Company have been elected. The detailed information on decisions of the shareholders taken on the annual general meeting will be placed in section «for Investors».

28.04.2008

On April 22, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) has concluded 2 state contracts on delivery of tram cars for St. Petersburg. The total price of the signed contracts is 646 million rubles.

According to provisions of contracts OJSC «PTMF» plans to deliver to St.-Petersburg State Unitary enterprise «Gorelectrotrans» till the end of August 29 tram cars "Solo" with asynchronous drive and partially low floor, and till the end of November 16 low-floor jointed tram cars «Pioneer» of increased capacity.

14.04.2008

OJSC «Petersburg tram mechanical factory» (PTMF) is the pronounced winner of open competition on delivery of tram cars for the state needs of St. Petersburg in 2008. By results of the competition PTMF has acquired the right to conclude the contract on delivery in total of 45 new tram cars.

Among them 29 trams are 4-axle cars with asynchronous drive and partially low floor of model 71-134А «Solo». Last year the enterprise has delivered more than thirty trams of the given model for St. Petersburg State Unitary Enterprise «Gorelectrotrans» which are already successfully operated on various city routes.

The others 16 tram cars are a new model of OJSC «PTMF» - low-floor jointed 6-axle tram «Pioneer» of model 71-152 with increased capacity. In the end of 2006 the enterprise has finished complex of tests of the tram car «Pioneer» and by the decision of the Interdepartmental Commission the tram has received an official approval for operation in city streets. «Pioneer» is the first in Russia 6-axle jointed car with a part of low floor more than 60 % corresponding to low-floor cars of the European level. Numerous innovations of this tram include the modern appearance, improved interior of the compartment, application of energy-efficient electric drive, decrease in total weight of the car and, consequently, decrease in expenses for operation (including expenses for electric power), possibility of moving in an independent mode as well as perfect forms of driving (from the onboard computer to joysticks for adjustment of lateral mirrors). The special attention is paid to needs of passengers with children in carriages and the handicapped: collection platforms in the lowered part of the compartment are equipped by adjustable ramps and specially equipped places. In 2007 OJSC «PTMF» has delivered to St. Petersburg first five cars of the given model.

Thus, by the end of April, 2008 OJSC «PTMF» plans to sign by results of the won competition two contracts on delivery of 45 cars for St. Petersburg State Unitary Enterprise «Gorelectrotrans» (separately on cars of model 71-134А and model 71-152) for the total sum more than 645 million rubles.

09.04.2008

On April 08, 2008 the Board of directors of OJSC «Petersburg tram mechanical factory» (PTMF) has decided to terminate powers of General Director Kabanov Andrey Valentinovich by agreement of the parties. From April 09, 2008 Nazarov Vasily Varfolomeevich is appointed to the post of the General Director of OJSC «PTMF». Before appointment to this post Mr. Nazarov executed duties of the Deputy General Director - the Technical director of PTMF.

04.04.2008

On March 31, 2008 OJSC «Petersburg tram mechanical factory» (PTMF) has shipped first two tram cars in Khabarovsk, under the contract concluded with the municipal unitary enterprise «Tram and trolleybus Administration» in February of this year. In total under the contract 10 tram cars of model LM-99 AVMN will be delivered. Deliveries are planned to be finished to April 30, 2008.

The car LM-99 AVMN is distinguished by modern look, construction design and appearance at the level of European requirements of quality and safety standards: the reinforced body, powerful asynchronous traction drive, control system on IGBT transistors, calorific heating and compartment ventilation. Also the new car has low floor level on the back platform providing comfortable conditions for boarding and landing of elderly people, wheelchair users and passengers with children and luggage. Service life of the car is not less than 20 years.

In 2007 OJSC «PTMF» has already delivered to Khabarovsk the tram car of the given model and has received positive responses for operation in the conditions of Far East frosts.

17.03.2008

CJSC «VAGONMASH» has signed on March 14, 2008 the contract first in this year with Joint Stock Company «Russian Railways» on delivery of 40 dining cars of model 61-536.1. All cars should be delivered till the end of the year. The contract total price is 1,3 billion rubles.

VAGONMASH manufactures dining cars for Russian Railways since 2003 when the first car-restaurant has been made. Every year for Russian Railways increases the order for purchase of dining cars from CJSC «VAGONMASH». The given contract is the largest for the last 5 years. Russian Railways plan to include most dining cars in sets of their premium service trains on different directions.

21.02.2008

On February18, 2008 by results of open auction of Khabarovsk conducted by Administration, OJSC «Petersburg tram mechanical factory» (PTMF) has acquired the right to conclude the contract on delivery of 10 new tram cars LM-99 AVMN for Khabarovsk municipal unitary enterprise «Tram and trolleybus Administration».

The Car LM-99 AVMN is distinguished by modern look, construction design and appearance at the level of European requirements of quality and safety standards: the reinforced body, powerful asynchronous traction drive, control system on IGBT transistors, calorific heating and compartment ventilation. Also the new car has low floor level on the back platform providing comfortable conditions for boarding and landing of elderly people, wheelchair users and passengers with children and luggage. Service life of the car is not less than 20 years.

In 2007 OJSC «PTMF» has already delivered to Khabarovsk the tram car of the given model and has received positive responses for operation in the conditions of Far East frosts.

20.02.2008

On February 15, 2008 on CJSC «VAGONMASH» has shipped 4 mail vans under the contract concluded with JSC «Kazpochta» (Kazakhstan) in November of last year. In the presence of representatives of «Kazpochta» management the vans have passed control tests provided by provisions of the contract. In total under the given contract the enterprise should deliver 7 vans to Kazakhstan in the first quarter 2008.

Interest to mail vans manufactured by CJSC «VAGONMASH» is not casual. In 2005 by request and with assistance of Federal state unitary enterprise «Rospochta» the enterprise developed and put into production a new model of the mail van in which all modern requirements were considered, including requirements presented to the van and to work of operating personnel; presence of convenient equipment for processing of mail on the way, air conditioning system and other technical innovations.

Experts of CJSC «VAGONMASH» constantly work at implementation of a complex of measures intended for promotion of the enterprise products to post bodies of the near abroad.

However the initiator of restoration of domestic manufacture of mail vans, Federal state unitary enterprise «Russia Post» last time has purchased 8 cars in 2006, though the need in rolling stock updating is rather urgent and is estimated in hundreds cars.

14.02.2008

Yesterday CJSC «VAGONMASH» has shipped first 4 dining cars of model 61-536.1 under the contract concluded with Joint Stock Company «Russian Railways» in the end of 2007.

Under the given contract the enterprise should deliver to Russian Railways 10 dining cars in addition in the first quarter of 2008. The contract price was 310 million rubles.

01.02.2008

On January 31, 2008 the Board of directors of CJSC «VAGONMASH» has taken the decision on termination of powers of the General Director of CJSC «VAGONMASH Kiyashko Sergey Nikolaevich by agreement of the parties. From February 01, 2008 Andrey Valentinovich Kabanov is appointed to a post of General Director of CJSC «VAGONMASH».

28.01.2008

Today CJSC «VAGONMASH» has won a tender for delivery of 27 cars for State Unitary Enterprise «St. Petersburg underground». According to the given tender the enterprise will deliver to the underground during 2008 10 head cars of model 81-540.8 and 17 intermediate cars of model 81-541.8. The Contract price should be about 491 million rubles.

By the technical project coordinated with the Petersburg underground for all cars interior based on shaped fiberglass panels and also convenient ergonomic passenger seats were developed. Cars will be equipped by new luminescent light lines with the built-in notification system and possibility of installation of fire-prevention system; protective vandal-proof film Llumar will be put on internal compartment glasses.

Head cars will be equipped by automatic driving system. The front wall of cars will be made in the shape of a mask from fiberglass with internal metal frame. The uniform windshield and rear-view mirror will have increased size and will provide the best visibility for the driver. The cab will be equipped by additional noise insulation and conditioner. On all head cars the driver panel of the new design meeting modern requirements of ergonomics and design will be installed. In case of emergency car passengers can walk along the train and come out through a door in a front wall of the head car.

CJSC «VAGONMASH» is the major supplier of cars for Petersburg underground. Last year the enterprise has delivered to Petersburg underground 8 cars, and in 2006 - 18 cars.

25.01.2008

On CJSC «VAGONMASH» a new modern painting and drying chamber produced by «Thermomechanics» (Italy) with thermo-ventilation units produced by «Bifrag» (Germany) is placed into operation. Cars will be painted by high-quality epoxy-polyurethane paintwork materials that will allow to essentially improve protective and decorative properties of paint coating of cars.

Painting and drying chamber is one more step to a direction of complex modernization of painting processing of the enterprise. Chamber operation will reduce time of painting and drying of cars that in its turn will increase extents of painting processing and will considerably improve quality of released products.

23.01.2008

The extraordinary general meeting of shareholders of CJSC «VAGONMASH» concerning the appointment of the auditor of the Society for 2007 has taken place.

The question of appointment of the auditor of the Society for 2007 was considered by shareholders repeatedly as the candidate auditor considered at the annual general meeting of shareholders has not been approved. According to the decision of shareholders the Open Company «Consulting audit firm «Delovaya Perspektiva» is approved as the auditor of the Society.

11.01.2008

The Board of directors of CJSC «VAGONMASH» has taken the decision on termination of powers of the General Director of CJSC «VAGONMASH» Tihonenko Michael Andreevich by agreement of the parties. From January 12, 2008 Kiyashko Sergey Nikolaevich is appointed to a post of General Director of CJSC «VAGONMASH».

09.01.2008

On December 27, 2007 the official site of Federal State Institution «Federal institute of the industrial property of Federal service on intellectual property, patents and trade marks» (ROSPATENT) has published the Patent № 69475 on Useful model - «TRAM CAR», the patent owner is OJSC «Petersburg tram mechanical factory» (PTMF). You can see the original document on the site - www.fips.ru.

This document has secured the rights of OJSC «PTMF» to the basic distinctive design engineering solutions applied in the construction of the jointed 6-axle tram car LVS-2005 of model 71-152 «Pioneer» which are formulated in the formula of useful model.

According to the Program of development of the enterprise operating in OJSC «PTMF» providing possibility of expansion of a model range for a perspective product, in the end of 2007 on the basis of technical solutions applied in the 6-axle tram car of model 71-152 «Pioneer» a one-car variant of the tram LM-2008 of model 71-153 has been manufactured.

As a result of the performed work we can be sure that in the sales portfolio of OJSC «PTMF» there are two modern base models of the trams allowing to satisfy requirement of any cities of Russia, both large megapolises and small towns.

Now manufacturing of trams of models 71-152 and 71-153 is put into batch production, manufacture modernization is made at the enterprise, new modern equipment is purchased, technological lines for welding and assembly operations of manufacturing of bodies and frames of trucks of tram cars of new series are put into operation, competent personnel is formed.

Archive 2008