Astra Vagoane doubles revenues

The company Astra Vagoane Calatori Arad posted a turnover standing at 27.7 million euros (100.5 million RON) last year, 100% more than in 2004, given a rise in new and modernised wagons deliveries. “Last year, contracts with Siemens Germany continued to be carried out for the delivery of new and modernised wagons and of self-propelled “Sageata Albastra” (Blue Arrow) trains, as well as for regular maintenance of the passenger wagons for CFR Calatori. Export contracts to Egypt and Iran also continue to be carried out for passenger wagons,” stated Alexandru Truta, general manager of Astra Vagoane Calatori Arad. The company estimates that the upward trend will go on this year as well, with the turnover predicted for 2006 standing at 120 million RON (34.3 million euros at a 3.5 RON/EUR exchange rate), 20% more in RON against 2005. Company management says the upward trend in 2005 was possible due to Astra pursuing its investment projects. ZF