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Daugavpils Lokomotivju Remonta Rupnica AS Announces Plans Regarding Cooperation on Development of New Product; Issues FY 2016 Profit Guidance

Wednesday, 20 Feb 2013 08:40am EST 

Daugavpils Lokomotivju Remonta Rupnica AS (DLRR) announced that its future plans regarding the 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 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 is worth LVL 6.3 million, out of which European Union financing amounts to 35% of the total project. The project realization term is the second half of 2013. It is planned that the realization of the project will allow DLRR to reach a profit of LVL 1 million by 2016. 

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