Business news from Ukraine

Business news from Ukraine

Lviv Locomotive Repair Plant intends to increase locomotive repair by 75%

Lviv Locomotive Repair Plant (LRP), a part of Ukrzaliznytsia, plans to repair 21 locomotives in 2024, compared to 12 in 2023, according to the company’s financial report for the previous year.

According to LLRZ, it is also planned to increase the repair of traction engines and their anchors by 14% or 34 units to 274 units.

At the same time, the production plan for the repair of wheelsets is 445 units, compared to 549 units repaired last year, and auxiliary electric machines – 99 units (103 in 2023).

According to LLRZ, in 2023, the share of locomotive repairs in total production was 54%, wheelsets – 22%, traction motors – 15%, and electric motor armatures – 3%.

In 2023, the plant earned UAH 15.47 million in net profit against a loss of UAH 17.22 million a year earlier, with net income growing by 28.2% to UAH 595.5 million.

The company sold 13 repaired locomotives (58% of sales), 501 wheelsets (21%), 158 traction engines (13%) and 48 anchors (2%).

Founded in 1861, LLRZ is now a major Ukrainian enterprise for the repair of electric locomotives, traction engines, and wheelsets.

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