Krukovka Carriages

Krukovka Carriages is one of the largest carriages producers in Ukraine. The company produces wagons (flat wagons, tanks, bunker and gondola cars) and passenger carriages, as well as spare parts and bogies for freight cars, wheel
pairs, spare parts for metro cars and escalators, containers and road-building
machinery. The company is in the sphere of influence of TAS group, which is
owned by Sergey Tigipko, a Ukrainian businessman.

Amid crisis the company is gradually re-orienting its core production from freight
to passenger carriages. This step is quite reasonable taking into account the
deficit of passenger carriages in the Ukrainian market. Meanwhile, the key risk for
the company is a low solvency of its major domestic client – State Railroad
Administration (Ukrzaliznytsia).