Russian rail car building enterprises posted decline of localization level
Published: Thu, 2015-04-02 12:13The Russian industry of rail car building is in crisis, which is reflected by a low level of localization of local production facilities.
According to recent statements of Michael Boyko, an official spokesman of the RussianAssociation of Rail Car Producers, the current level of utilization of Russian rail car plants is currently estimated by an average of 25-30%.
According to him, in 2014 the volume of production of freight cars in Russia amounted to 54,500 units, which is by 10% less than in 2013.
According to Boyko, a significant number of Russian rail car producers reduced their production volumes by 40%, while their revenue declined by 50%.