RM Rail summarises annual performance

27.12.2022

"RM Rail", Russia's leading manufacturer of freight rolling stock, summarises its results for 2022. The company's main achievement is the steady growth demonstrated by the business in all key areas.

This year, RM Rail became the undisputed leader in the Russian railcar industry with a 21% market share.The company increased production of freight rolling stock by 22% year-on-year; castings - by 6%, containers - by 49%.A total of 10,537 wagons, 11,981 wagon sets of large wagon castings and 18,045 tonnes of medium and small castings are to be produced by the end of the year.

Despite the objective difficulties associated with the transformation of the domestic economy, the company consistently implements its plans to develop and produce innovative products.During the year, three unique models of rolling stock made of aluminium alloys were presented: a mineral hopper, a tanker for strong nitric acid and a tank container for the transportation of liquefied natural gas.The development of a new promising market for cryogenics has begun.

As part of the investment programme, work is being completed to bring to the market a bogie of our own design with a load of 25 tf, model 18-9891.This will consolidate RM Rail's presence in the innovative rolling stock segment.By the end of the year, the first sample of the unique 250 cubic metre liquefied hydrocarbon gas storage vessel will leave the slipway.Certification of three new models of freight rolling stock is planned in the near future.

Another significant figure is the 14 per cent increase in wages.The company has been systematically increasing the package of measures for social support of its employees, thanks to which RM Rail was included in the rating of the best employers in Russia for the first time, ranking 44th.

Maxim Teves, General Director of RM Rail:
- Our company manages to maintain its development vector. I consider this to be a major achievement for the team as a whole and for each employee.New challenges await us next year, and we will have to work hard to maintain our leading position in the Russian railway car building market.The leitmotiv will be to improve operational efficiency.