British-based Ferrexpo plc, which in Ukraine controls, in particular, Poltava and Yeristovo mining and processing plants (PGOK and YeGOK), continues to increase its fleet of wagons, having received 50 new high-sided cars from Kriukov Car Building Works (KCBW, Poltava region) from the ordered 400.
“Good news … We’ve received the first 50 new wagons from KCBW out of 400 ordered. Thus, there will be 3,050 high-sided wagons operating in Ferrotrans subsidiary. The planned increase in the fleet of our own wagons is necessary to implement Ferrexpo’s strategic plan to double the production of pellets within five years,” Vitaliy Oliynyk, the logistics manager at Ferrotrans, part of Ferrexpo Group, said on Facebook.
However, he noted that now an increase in the fleet of wagons will not lead to an increase in the shipment of products, “since the monopoly carrier does not have the technical ability to deliver goods to their destination.”
“Without attracting private capital to purchase locomotives and using them on trunk routes, we can’t even dream of increasing exports … We expect decisive actions from the new government, and we’ll get to work together,” the manager stated.
He regretted the loss of control over Stakhanov Car Building Plant, which was part of Finance and Credit financial and industrial group controlled by Ukrainian businessman Kostiantyn Zhevaho.
“If it wasn’t for war, then Ferrexpo would have been provided with absolutely any quantity of quality high-sided cars and dump cars produced by PJSC Stakhanov Car Building Plant,” Serhiy Zelensky, the plant’s ex-manager for sales and marketing, noted.
