Press Releases VAGONMASH 2011

May 13, 2011

VAGONMASH CJSC will produce cars for the Novosibirsk Metro.

VAGONMASH CJSC will be delivered 8 cars to the Novosibirsk subway before the end of 2011, two of them are leading (with driving cab) model 81-540.2N and six are intermediate model 81-541.2N. Last time the St. Petersburg car manufacturers supplied subway cars to Novosibirsk in 2001.

The interior of new cars will be made on the basis of sheet metal with polymer coating, the leading cars will be provided a place for people with limited mobility, and the opportunity of placing a wheelchair.
The exterior of a leading car will be made with "mask" of hard combustible fiberglass, a driving cab will be provided an air conditioning.
 
Currently, the inventory of Novosibirsk metro’s cars are 92 units, including 46 cars produced by VAGONMASH.

May 3, 2011

On 28 April 2011, the annual general meeting of VAGONMASH CJSC shareholders took place and approved the Company’s annual report for 2010 fiscal year and its financial statements for the year 2010. 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".

March 25, 2011

Today, VAGONMASH CJSC has transferred the first three cars of NeVa project for tests into SUE St. Petersburg Underground.

NeVa Project comprises design and development of new underground cars of the 4^th generation, and construction of new type of high-technology innovational production for underground trains assembling. The Project’s main objectives are to create high-efficient and highly profitable production of new generation subway cars. There are no similar cars in production in Russia or other CIS countries.

VAGONMASH CJSC started NeVa Project at the beginning of 2007, at that time it concluded the agreement with Skoda Transportation, s.r.o. for elaboration of design and technological documentation. On November the 4^th of the same year, the Protocol on cooperation of the two companies was concluded, in presence of the Governor of St. Petersburg Mrs. Valentina Matvienko and the Prime Minister of the Czech Republic Mr. Mirek Topolanek, in Prague, during the official visit of the St. Petersburg delegation to the Czech Republic.

Thus, VAGONMASH CJSC, with the participation of Skoda Transportation Company, has developed a new rolling stock for underground railways, with significant competitive advantages, namely:

·       Lightweight,

·       AC drive with asynchronous motors,

·       Energy efficiency (energy-saving technologies),

·       Increased service life,

·       Increased distance run between overhauls,

·       Lower prime cost in comparison with world manufacturers’ analogues.

Firstly, the concept of a new electric train was presented at the II St. Petersburg International Innovation Forum in September 2009. By the year-end results, NeVa was named as the St. Petersburg Best Innovative Project for the Purposes of Municipal Economy, and won the prize of the St. Petersburg Government, in compliance with the City program on innovations support.

In January 2011, the Governor Mrs. Valentina Matvienko and other leaders of the St. Petersburg Administration visited VAGONMASH CJSC in anticipation of the transfer of the first NeVa series cars for tests to SUE St. Petersburg Underground.

Currently, VAGONMASH CJSC continues to produce three more cars of the first prototype, and plans to transfer them to SUE St. Petersburg Underground in the second quarter of 2011, to continue testing of six-car trains.

In 2011, it is expected to receive the Compliance Certificate for NeVa subway cars, with their further participation in the tender for supply of 6 cars for SUE St. Petersburg Underground.

March 24, 2011

On the March 23rd 2011, the Board of Directors of VAGONMASH CJSC decided to terminate the powers of the General Director of VAGONMASH CJSC, Andrey Kabanov, by mutual agreement of the parties. According to the decision of the Board of Directors, Mr. Kabanov will take a position of its Chairman.

The Board of Directors of VAGONMASH CJSC had appointed Mr. Pavel Cesnek for the position of the General Director of VAGONMASH CJSC, and he assumed his duties as of the March 24^th 2011.

March 22, 2011

VAGONMASH CJSC signed a contract with the Russian Railways Trading House for supply of 4 dining cars for Federal Passenger Company Russian Railways JSC.

All cars will be delivered to the client in the second quarter of 2011.

VAGONMASH CJSC has been producing dining cars for the Russian Railways JSC since 2003.

In 2009 St. Petersburg car builders upgraded the base model of dining car. The upgrading was based on proposals of the Federal Passenger Directorate to improve cars taking into consideration experience of their operation as part of deluxe trains of the Russian Railways JSC. At the 2^nd International Railway exhibition EXPO 1520, the main specialized forum of the railway industry of CIS countries and Eastern Europe, the upgraded model of dining car was presented among other presentations of the latest railway engineering and technologies of the Russian industry.

Last year the Russian Railways had purchased the first upgraded dining car manufactured by VAGONMASH CJSC, and now the company secured an order to manufacture next four dining cars.

The concept of new dining car lies in providing the passengers with the opportunity to find themselves in a small cozy restaurant as this car model is equipped with not only new kitchen appliances – a six-burner stove designed for vehicles, low and medium temperature refrigerators, but also has a real restaurant interior design.

A new diesel generator is installed to provide additional power supply and recharge an energy-plus battery.

January 14, 2011

On the threshold of transfer for test of first tramcars series NeVa to the SUE St. Petersburg Underground the Governor of St. Petersburg V.I. Matvienko, Vice Governor-Head of the Administration M.E. Oseevsky, Vice Governor J.V. Molchanov, Chairman of the Committee on Economic Development, Industrial Policy and Trade E.I. Elin, Chairman of the Committee on Transport S.V. Popov and other members of St. Petersburg Administration paid a working visit today to the enterprise of the Group of Companies Vagonmash - VAGONMASH CJSC. 

NeVa project is the design and development of new underground cars of fourth generation series NeVa and construction of high-tech production of innovation type for underground trains.

Principle targets of the project are the creation of efficient and cost-effective production of new generation underground cars.  No analogues of such cars are produced in Russia and CIS countries to date.

Concept of new electric train was firstly represented at the Second St. Petersburg International Innovation Forum in September 2009.  In the results of the year NeVa was recognized as the “Best innovation project of St. Petersburg for the needs of the municipal services” and got the award of St. Petersburg Government in compliance with the City Program on innovations support.

Thus VAGONMASH CJSC with participation of Skoda Transportation s.r.o. jointly developed new rolling stock for underground with serious competitive advantages, viz.:

• lightweight

• asynchronous motor drive

• energy efficiency (use of energy saving technologies)

• Increased lifetime  

• Extended distance run between overhauls

• Lower prime cost in comparison with world manufacturers’ analogues 

The cars have excellent export potential and may be used in underground systems of Russia, CIS countries, Eastern Europe, Latin America countries without additional updates.