Investment of Lemtrans Grew 5 Times in 2017

19.03.2018

Lemtrans summed up the implementation of its investment program in 2017. When compared to 2016 the capital investments grew 5 times i.e. from 109 to 562 million UAH.

Main assets were directed on the purchase of new railcars and major overhauls. The investment program in 2017 also provided both modernization and maintenance of the existing railcar-repair facilities, including significant equipment renewal, promoting better quality of the repair to be executed.

The current activity and investments of the company are financed mainly at the expense of its own assets.

“Despite of the difficult 2017 we are committed to our priorities. The main assets of our company are the reliable railcars providing us with the significant advantage towards the competitors. That is why the investment focus of 2017 was above all directed on purchase of a new rolling stock and improvement of efficiency of the existing one, said Vladimir Mezentsev, the General Manager of Lemtrans. — Obviously, these will be the consignors who win because of the rolling stock efficiency improvement. Investing, we create the conditions for our partners’ business stability”