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News

June 22, 2010

On 18 April 2010, the annual general meeting of Petersburg Tram-Mechanical Factory OJSC shareholders took place and approved the Company’s annual report for 2009 fiscal year and its financial statements for the year 2009. Company’s shareholders elected a new Board of Directors and a new Audit Commission of the Company. The details on the decisions taken at the annual general meeting of shareholders will be posted in the section "For the Investors".

May 19, 2010

In the period from 11 to 14 May 2010 the URALTESTSERT’s authorities for certification of integrated management systems conducted a re-certification audit of VAGONMASH CJSC Quality Management System (QMS) for its compliance with GOST R ISO 9001-2008 (ISO 9001:2008) “Quality Management System. Requirements.” Following the re-certification audit the VAGONMASH CJSC QMS "was generally recognized as meeting the requirements of GOST R ISO 9001-2008 for design, development and manufacture of products:

• Mainline engine traction passenger cars;

• Underground railway cars;

• Spare parts for railway transport;

• Spare parts for underground railway cars (to the mechanical section).

QMS re-certification attested that the chosen by VAGONMASH CJSC path of development and the arranged form of a management system, including in the field of quality, are consistent with modern requirements applied by companies worldwide.

May 18, 2010

Today, VAGONMASH CJSC has dispatched to the Kiev subway another 9 cars - 6 leading (with driving cab) and 3 intermediate cars. This is the second shipment of cars to Ukraine this year. In March, the enterprise already supplied eight leading cars for the Kiev subway.

In total, VAGONMASH CJSC will manufacture 33 cars under the contract, including 30 cars of model 81-540 with a driving cab and 3 intermediate cars of model 81-541. All cars are to be dispatched to the subway by the end of August 2010 in accordance with the delivery schedule.

The contract concluded provides for a leasing payment scheme.

In compliance with the agreed technical specifications with the Kiev subway all the cars have been equipped with modern interior designed on the basis of molded fiberglass panels, as well as with ergonomic passenger seats. The cars have further been equipped with the new fluorescent light lines, built-in public-address system and installable sprinkler system.

Its exterior coating is made on the basis of polyurethane enamels extending its service up to 10 years, what has never been used previously when manufacturing cars for the Kiev subway.

Front wall of leading cars is designed as a "mask" of fiberglass with internal metal frame. In addition, the monolithic windshield of larger size and an increased rearview mirror ensure better visibility for the driver. At the request of the Kiev subway windshields and rearview mirrors will be made with the built-in electrical heating. Driving cab is provided with additional sound insulation and air-conditioning. There is an informational LED display in the cab showing the name of the end station that will be seen from the platform through the windshield. The car mask of the traditional (yellow-blue) color scheme is supplemented at the request of the subway by letter "M" in the style of indicating stations or other "branded" items.

In case of emergency the cars are provided with a passenger passage along the train, which allows getting to the rail track through the door in the leading car front wall.

VAGONMASH CJSC has been cooperating with the Kiev subway for many years. We should note that there are about 230 cars (40 % of its rolling stock) manufactured by VAGONMASH CJSC operating in the Kiev subway.

May 4, 2010

On 30 April 2010, the annual general meeting of VAGONMASH CJSC shareholders took place and approved the Company’s annual report for 2009 fiscal year and its financial statements for the year 2009. Company’s shareholders elected a new Board of Directors and a new Audit Commission of the Company. The details on the decisions taken at the annual general meeting of shareholders will be posted in the section "For the Investors".