KYIV. April 1 (Interfax-Ukraine) – Public joint-stock company Luhanskteplovoz, owned by Russia’s Transmashholding (TMH), is operating. The plant in March 2016 fulfilled all its liabilities to customers, first to Russian Railways (RZD), the company reported on Thursday.
“There are still problems with sales of products. Large inefficient expenses appeared due to a delay of a batch of locomotives on the customs border,” the company said.
Luhanskteplovoz failed to pay for spare parts to some companies in Ukraine, Russia, the United States and Germany.
The company also pointed at real challenges with supply of materials and spare parts to the plant.
Luhanskteplovoz said that the problem of non-refunding VAT from the Ukrainian national budget is becoming more acute. The debt has exceeded UAH 750 million.
Director General Petro Karpov said that despite difficulties, Luhanskteplovoz in 2014-2015 produced almost 100 diesel locomotives of various models and other products worth over UAH 3 billion.
Luhanskteplovoz produces trunk and shunting diesel locomotives, electric locomotives and diesel trains.
