Seeking to expand its exports, United Wagon Company (UWC), a Russia-based manufacturer of freight cars, is opening a U.S. subsidiary, Uniwagon North America Corp., in New Jersey. UWC’s shareholding in the new company is 100 percent.
Uniwagon North America Corp. is intended to facilitate the entry of UWC’s products to the North American market. UWC expects to have the subsidiary registered and to begin operations before the end of September.
“With our expertise and world-class manufacturing facilities, we expect successful export performance,” stated Maxim Kuzemchenko, UWC's deputy chief executive officer, business development. “The approach we take is to make the most of our powerful engineering and design solutions, global access to components made under a wide range of standards, as well as flexible and highly efficient production processes. Apart from the U.S., we are seeking to expand our exports to Africa, the Middle East and Latin America.”
Earlier, UWC reported its entry into contracts with Wabtec Corporation, a supplier of products for rail industries, and Cardwell Westinghouse, a Wabtec company. The parties agreed on supplying heavy railcar castings (side frames and bolsters) to the United States for the purposes of manufacturing Barber S2HD (America’s most common bogie with an axle load of 30 tf), and high-tensile railcar springs.