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LOK: JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Information

Spekuliantai.lt | 2013-02-20 | NASDAQ OMX biržų naujienos | perskaitė: 724
Raktiniai žodžiai: Daugavpils Lokomotivju Remonta Rupnica, LOK
LOK: JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Information

Daugavpils lokomotivju remonta rupnica Company Announcement 20.02.2013

JSC "Daugavpils Lokomotīvju Remonta Rūpnīca" Information

Daugavpils, 2013-02-20 14:40 CET (GLOBE NEWSWIRE) -- With this JSC "Daugavpils
Lokomotīvju Remonta Rūpnīca" informs that its future plans regarding
cooperation with competence centers are in the stage of development. It implies
the development of the new product, where DLRR could ensure the production of
the assembly new rail prototype and the production of train spare parts.
Possibly, the cooperation will start in the upcoming year/in a year’s time.

As it was reported before, DLRR implements the project in the field of machine
engineering, which aim is the modernization of the current production and of
new product manufacturing. Total project worth is 6.3 mLVL, out of which EU
financing amounts to 35% of the total project worth. Project realization term
is the 2nd half of 2013. It is planned that the realization of the project will
allow DLRR to reach the profit of 1 mLVL by 2016.

DLRR faces an intense rise in the heat costs. Currently, the project of new
cogeneration station installation on the territory of DLRR plant is
implemented. The cogeneration station is owned by another entity, however in
the future it is forecasts that in the result of operation the station, the
plant will be able to buy heat energy, which will allow reducing heat costs.

In 2013 DLRR is working on receiving a license for capital repairment of the
passenger railway cars. In 2013 it is planned to continue the cooperation with
Skinest Rail by repairing its owned railway cars. The total market for this
product is quite large including Latvia and other Baltic countries, as well as
prospects of the eastern market.

In addition that DLRR informs that according to unaudited financial data the
turnover in 2012 is expected to be 20 687 581 LVL and the profit is expected to
be 800 317 LVL.



The Chairman of the Board N. Petrova





Natālija Petrova

The Chairman of the Board

t. 65404420, petrova@dlrz.lv

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