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Share Name Share Symbol Market Type Share ISIN Share Description
Evraz Plc LSE:EVR London Ordinary Share GB00B71N6K86 ORD USD0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.60 0.12% 519.60 518.00 518.60 528.00 516.60 519.40 3,014,048 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 8,976.8 680.1 18.9 28.4 7,570

Andritz to Supply Train Wheel Production Line in Russia

29/09/2020 9:00am

Dow Jones News


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   By Olivia Bugault 
 

Andritz Ag said Tuesday that it has signed a contract with Allegro, which is a joint venture between the U.K.'s Evraz PLC and RailService, to supply a production line for train wheels in Russia.

"The main part of the contract is expected to be booked in mid-2021, with the first consignment being scheduled for delivery in the first quarter of 2022," the Austrian engineering company said.

With the new production line, which will be supplied by Andritz subsidiaries ANDRITZ Maerz and Schuler AG, Allegro will be able to produce 200,000 train wheels per year, and up to 300,000 with an additional extension. Production is expected to start in the fourth quarter of 2022, it added.

Andritz didn't disclose the financial details of the deal.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

September 29, 2020 03:45 ET (07:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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