President of RM Rail Holding and Interim Head of the Republic of Mordovia discuss RM Rail operational results

President of RM Rail Holding Konstantin Danilov and Interim Head of Mordovia Artem Zdunov have discussed the company’s operational performance in the current year

Konstantin Danilov told the head of the region that RM Rail plans to maintain production volumes at the level of 2019 and produce about 10 thousand rail cars. VKM-Steel will produce over 11 thousand car sets, up 116% over last year. The output of medium and small castings is growing. Today, the company’s share on the Russian rolling stock market is 22.2%, which is the second place among domestic manufacturers.

It was noted that during the year, RM Rail has implemented 6 high-technology product projects. These include a hopper for transportation of bulk cargoes, a tank car for vegetable oils, a box car, a flat car for transportation of large-tonnage containers and an export model of bauxite hopper, all developed and launched into serial production. The investment program implies ongoing modernization of the main production lines, as well as development of the newest business streams like products in aluminum alloys, ISO tanks for transportation of liquefied natural gas. 2021 CapEx plan amounts to 875 million rubles.

The company’s team counts more than 7 thousand people, this year tax payments will make 3.9 billion rubles. Artem Zdunov emphasized the importance of maintaining the level of wages at the company locations and put a special focus on ensuring labor safety.

Konstantin Danilov, President of RM Rail Holding:

- The attention and support by governmental authorities are very important for us. We believe that collaborative engagement of the business and the regional leadership will facilitate implementation of new social and economic projects.