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EKKW train car producer cuts costs and sells to East

APA - Austria Presse Agentur
opublikowano: 02-08-2005, 12:32

Warsaw (Puls Biznesu) – Europejskie Konsorcjum Kolejowe Wagon (EKKW), which bought Wagon, bankrupt train car plant, has a new strategy for the company. Slovakian owners of Wagon are accused for bringing the company into financial troubles. “We want to regain contracts with old clients. Companies from Switzerland, Germany and Belgium are interested in our offer.

Warsaw (Puls Biznesu) – Europejskie Konsorcjum Kolejowe Wagon (EKKW), which bought Wagon, bankrupt train car plant, has a new strategy for the company. Slovakian owners of Wagon are accused for bringing the company into financial troubles. “We want to regain contracts with old clients. Companies from Switzerland, Germany and Belgium are interested in our offer. We will soon start talks. Our present orders consist mainly in repairing cars for PKP Cargo railway company. We produce a little bit. We would like to relaunch production of wood transporting cars and repair passenger cars”, Marek Woloch, the chairman of EKKW said.

EKKW is owned by Antra, a company offering services to railways. Marek Woloch admitted that the equipment in the plant needs renovation and new technologies. He also promises investments and cost cutting programme. “We want to cut costs by 12-15 percent within a year. We are analysing each part of the company assets looking for ways to generate income. We have acquired nearly 1,300 employees. If production develops, all of them will stay. But work effectiveness must grow. Wagon must earn for investments. We plan to invest PLN 14m a year since 2006”, Marek Woloch said.

When those goals are achieved, the company will try to enter new markets. “Eastern markets seem very interesting. Ukrainian companies need car renovating. We might look for investor with capital and know-how to do that. He could have a stake in a company founded for this new activity”, Marek Woloch said.Poland/Enterprises/Railways

 

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Podpis: APA - Austria Presse Agentur

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