United Wagon Company ranked first in Russia and second worldwide by number of freight cars produced in 2019

According to the Ranking of Russia’s Top Rolling Stock Manufacturers of 2019 compiled by INFOLine-Analytics, United Wagon Company (UWC, the Group or the Company) (MOEX: UWGN) was placed first by the number of freight cars produced in Russia (21,000 freight cars) and second among the world’s leading manufacturers (after the Chinese CRRC Corporation), jumping up from the third place it held last year.

As reported by INFOLine-Analytics, Russia manufactured a total of 78.2 thousand freight railcars in 2019, which represents an increase of 9.8% year-over-year. The production of freight cars in Russia is expected to fall in 2020 due to the global crisis caused by the coronavirus pandemic, a decline in freight loading and a surplus of cars on the rail network.