PCC Rail ups investments in rolling stock

"We want to purchase 100-150 platforms for containers in the European Railway Consortium Wagon and 15-20 modernized locomotives from Newag," said Mieczysław Olender, president of the management board of PCC Rail Holding Group. This year's investments will also encompass development of container bases, in particular the construction of new terminals in Silesia, Wrocław, Poznań and Kutno. "By the end of the year we want to launch the production of railway platforms for containers in PNTK PTK Tabkol [a subsidiary of the firm]. The main recipient will be PCC Rail. Planned production capacity of the new plant will stand at 200 rolling stock annually," said Mieczysław Olender. Due to substantial demand for repairs of rolling stock, the management of Tabkol would like to introduce shift work and thus it plans to boost revenues from zł.33-35 million in 2007 to zł.55-60 million in 2008. After 2008 PCC Rail plans to designate zł.200-250 million annually for investments. (Parkiet, p. 6) M.M.