United Wagon Company

United Wagon Company
Native name
 ПАО «Научно-производственная корпорация «Объединенная Вагонная Компания»
PJSC
Industry Transport machine building
Founded 2012 (2012)
Headquarters Moscow, Russia
Key people
 Roman Savushkin (CEO)
Products freight cars
Number of employees
 7,000 (2014)
Website uniwagon.com

Research and Production Corporation “United Wagon Company” (‘”UWC”, Russian: ПАО «Научно-производственная корпорация «Объединенная Вагонная Компания») is one of the largest rail companies in Russia and the CIS.[1][2][3][4]

UWC manages the rail holding company, which incorporates Tikhvin Freight Car Building Plant, Springs production factory, Vostok1520 railway transport company, as well as RAIL1520 leasing company. UWC also oversees its own R&D Center.[5][6][7][8][9][10]

The company is headquartered in Moscow.

History

UWC was established in May 2012 to manage the activity of Tikhvin Freight Car Building Plant and RAIL1520, a leasing company.[11]

Tikhvin Freight Car Building Plant was officially launched in January 2012.[12][13][14][15] TVSZ produced its 10,000th freight car in July 2014.[2][16]

The freight car leasing company, RAIL1520, was established at the beginning of 2011.[17] In January 2012, MRC 1520 was set up, a joint venture between RAIL1520 and the Japanese company Mitsui.[18] At this point, RAIL1520 ranked among the top 10 largest leasing companies in Russia.[19]

In September 2013, UWC and Wabtec Corporation (USA) signed a joint venture agreement.[20] A few months earlier, a similar agreement was signed with Amsted Rail (USA).[21][22] In November 2013, UWC and Tatravagonka, a.s. (Slovakia) launched a joint venture for manufacturing railway castings in the city of Prakovce.[23][24][25]

UWC began manufacturing cars on Barber S-2-R bogies at the Novokuznetsk Car Building Plant and Roslavl Car Repairing Plant in Russia, and the Mogilev Carriage Works in Belarus in February 2014.[26][27]

In March 2014, UWC and Timken (USA) announced that they planned to launch a joint venture for manufacturing cartridge bearings for freight cars in 2015.[28][29] In April 2014, UWC announced the creation of its own Research and Development Centre for Transportation Technology.[9]

UWC purchased 100% of the shares in NPC Springs (located in Izhevsk, Udmurtia) from Rusnano and Izhmash in June 2014. NPC Springs manufactures heavy-duty springs for railway transport.[8] In the same month, UWC announced that it had established Vostok1520, a transportation company specializing in heavy load railway transportation.[30]

In December 2014, RAIL1520’s fleet reached 20,000 freight cars.[17]

Business activities

UWC oversees the design, production, transport and leasing as well as service maintenance of so-called “innovative” freight cars.[31]

UWC was the first company in Russia to start the serial production of freight cars with an increased axle load of 25 tons.[32]

Tikhvin Freight Car Building Plant is an UWC’s core production centre[33][34] and it produces rolling stock with improved technical and economic characteristics. According to data for the first nine months of 2014, it ranks second for rail car production with a 20% share of the Russian market.[35]

UWC owns the intellectual rights for the technology pertaining to the world’s two largest bogie manufacturers - the Barber S-2-R (Wabtec, USA) and Motion Control (Amsted Rail, USA). UWC also the rights to produce and distribute these bogies in Russia and the CIS.[36][37][38]

Management

United Wagon Company is one of the assets of ICT Group.[39] The owner of ICT Group is Russian businessman Alexander Nesis.[40][41]

UNITED WAGON PLC is the holding company of the United Wagon Company group.[42]

Roman Savushkin is the CEO of UWC.[43]

Finances

In July 2014, UWC’s leasing portfolio amounted to 24.9 billion rubles. In December 2013, UWC Finance (part of UWC Group) placed its first round of bonds for 15 billion rubles.

In September 2014, the Company placed exchange bonds for 15 billion rubles.[44][45]

Since April 2015 United Wagon Company floats on Moscow Exchange. UWC sold 12.22% of its shares under the public offering for a total of RUB 9.028bn ($180mn). This was the first Russian railway company IPO since 2011. The stock flotation gives UWC a market capitalisation of RUB 73.9bn ($1.5bn). The company trades under the stock ticker symbol UWGN.[46]

References

  1. ↑ "The fleet of operating lessor RAIL1520 has exceeded 20,000 cars - United Wagon Company". uniwagon.com.
  2. 1 2 Keith Barrow. "Tikhvin Freight Car rolls out 10,000th wagon". railjournal.com.
  3. ↑ DVV Media Group GmbH. "United Wagon Co to enter tank wagon market". rwg.
  4. ↑ http://www.mashportal.ru/machinery_news-35344.aspx
  5. ↑ "Railcar Venture Eyes Market for Freight - Business". The Moscow Times.
  6. ↑ "ICT GROUP WILL INVEST UP TO $2 BILLION IN LEASING SUBSIDIARY". rail1520.com.
  7. ↑ "Vostok1520 set up in Russia Russia Rail transport, RAIL1520,Tikhvin Railway Car Building Plant,United Wagon Company,Vostok1520, Bulk miscellaneous,Investment,Russia,". worldcargonews.com.
  8. 1 2 "United Wagon Company (UWC) acquired NPC Springs - Think Railways". Think Railways.
  9. 1 2 "United Wagon Company establishes R&D Center - Think Railways". Think Railways.
  10. ↑ "LEASING BUSINESS IS FOR THE BIG PLAYERS". rail1520.com.
  11. ↑ "United Wagon Company will acquire management of Tikhvin Freight Car Building Plant and RAIL1520 lessor - United Wagon Company". uniwagon.com.
  12. ↑ "New rail car manufacturing plant opens in Russia". Global Rail News.
  13. ↑ DVV Media Group GmbH. "Putin opens factory to produce a wagon every 24 min". rwg.
  14. ↑ http://www.railjournal.com/index.php/rolling-stock/putin-opens-high-tech-freight-wagon-plant-in-tikhvin.html
  15. ↑ Russia Today Запуск производства Тихвинского вагоностроительного завода. YouTube. 21 April 2014.
  16. ↑ "Tikhvin's 10,000 up RPC United Wagon Company,Tikhvin Railway Car Building Plant,United Wagon Company, Europe,Russia,". worldcargonews.com.
  17. 1 2 "The fleet of RAIL1520 rolling stock leasing company exceeded 20,000 wagons - Think Railways". Think Railways.
  18. ↑ Ilya Khrennikov. "Russia’s ICT Group Forms Venture With Mitsui to Lease Railcars". Bloomberg.com.
  19. ↑ "Database: LLC "RAIL1520"". raexpert.org.
  20. ↑ DVV Media Group GmbH. "Wagon component joint venture". rwg.
  21. ↑ "Railway Technology Deal Signed - Business". The Moscow Times.
  22. ↑ William C. Vantuono, Editor-in-Chief. "Motion Control momentum in Russia - Railway Age". railwayage.com.
  23. ↑ DVV Media Group GmbH. "Russian bogie agreement signed". rwg.
  24. ↑ "TATRAVAGONKA a.s.: Private Company Information - Businessweek". Businessweek.com.
  25. ↑ http://www.railjournal.com/index.php/rolling-stock/united-wagon-and-tatravagonka-launch-bogie-jv.html
  26. ↑ "RVRZ produced the 1,000-th railcar for UWC - Think Railways". Think Railways.
  27. ↑ "Mogilev Carriage Works delivers first batch of freight wagons to UWC - Think Railways". Think Railways.
  28. ↑ "UWC forges US links Russian Railways,Timken,United Wagon, Joint ventures,Car transportation systems and operations, October 2013". worldcargonews.com.
  29. ↑ "Timken and UWC partner to form new rail bearings JV in Russia". railway-technology.com.
  30. ↑ DVV Media Group GmbH. "United Wagon Co to offer transport services". rwg.
  31. ↑ William C. Vantuono, Editor-in-Chief. "New Affiliate, Associate members join AAR - Railway Age". railwayage.com.
  32. ↑ "TVSZ's launches first Barber S-2-R bogie freight cars Russian Railways,Tikhvin Railway Car Building Plant, Rail,". bulkmaterialsinternational.com.
  33. ↑ "EXPO 1520 Rail Report". tvsz.ru.
  34. ↑ "Tikhvin goes to the Barber's Siberian Coal Energy Company,Standard Car Plant,Tikhvin Railway Car Building Plant, Russia,". worldcargonews.com.
  35. ↑ "Press releases - National Rating Agency". ra-national.com.
  36. ↑ William Vantuono, Editor-in-Chief. "U.S. design, technology utilized by Russian freight car builder - Railway Age". railwayage.com.
  37. ↑ "Tikhvin plant rolled out to the market a new standard freight wagons". survincity.com.
  38. ↑ "United Wagon Company and Amsted Rail Announce Partnership". Reuters.
  39. ↑ "United Wagon Company". ict-group.ru.
  40. ↑ http://www.1prime.biz/news/0/%7B123DA073-1B50-4132-8F2B-AE4996004C64%7D.uif?layout=print
  41. ↑ "The Moscow Times - Breaking News, Business, Culture & Multimedia from Russia". The Moscow Times.
  42. ↑ "United Wagon PLC: Private Company Information - Businessweek". Businessweek.com.
  43. ↑ http://www.bne.eu/content/story/united-wagon-company-russias-most-modern-engineering-firm
  44. ↑ http://www.rusbonds.ru/nwsinf.asp?id=3567878
  45. ↑ http://www.rusbonds.ru/nwsinf.asp?id=3781844
  46. ↑ http://www.bne.eu/content/story/united-wagon-company-floats-moscow-exchange-rub700

External links

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