Astra Carriages expects 25% growth in business in 2009

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Romanian carriage maker Astra Arad, western Romania, expects 25% growth in turnover, in 2009, in consequence of increased production capacity, following investment, the main shareholder of the company Valer Blidar told.
 
“Following investment worth around 1.5 million euros, we purchased an installation for the processing of bogies, so we increased the production capacity from bogies for 15 carriages a month, to bogies for 40 carriages a month. He said the installation is already under testing, it is expected to produce at optimum capacity in about a week.
 
Currently, Astra Carriages Arad supplies 200 carriages for Iran, as part of a contract on 3 years, worth some 150 million euros, and it won a tender, organized through the Bucharest Commodities Exchange, for building 200 carriages for CFR Calatori, the national passenger rail transport operator.
 
The company is expected to register a 20-25% rise in turnover in 2008,  up to some 80million euros. It is the only one in Romania manufacturing carriages for trains running more than 200 km per hour. Its main competitor is Remarul Pascani, part of Grampet group, involved also in the Romanian market of rail freight transport.
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