OTP LEASING WILL FINANCE 266 DNIPROVAHONMASH GRAIN CARRIERS FOR TAS GROUP FOR $9.5 MLN

Business news from Ukraine

OTP LEASING WILL FINANCE 266 DNIPROVAHONMASH GRAIN CARRIERS FOR TAS GROUP FOR $9.5 MLN

5 Dec , 2017  

KYIV. Dec 5 (Interfax-Ukraine) – TAS Financial and Industrial Group, whose founder and major shareholder is Sergiy Tigipko, has signed a contract with OTP Leasing for the supply of 266 hopper cars for grain transportation produced by PJSC Dniprovahonmash (Dnipropetrovsk region) to Western (Zakhidny) Trading House LLC (both are part of TAS Group) for a total of $9.5 million.
According to a report on the website of OTP Leasing, the transfer of cars will take place in December.
OTP Leasing said in 2017 it will be the second large transaction implemented by the company in the framework of the rolling stock financing program.
According to OTP Leasing CEO Andriy Pavlushin, the freight car leasing market continues to develop actively, which is caused, among other things, by the writing-off of old Ukrzaliznytsia wagons.
“The current production capacity of Dniprovahonmash is fully loaded with orders from private companies. The current production program is at least 100 cars a month. The company is actively developing new models of freight rolling stock, and is also constantly working on improving the existing wagons,” Tigipko said.
According to him, Dniprovahonmash actively cooperates with OTP Leasing and TAScombank: a number of successful projects have been jointly implemented.