Russian pipe producing company United Metallurgical Company (OMK) has announced that its subsidiary Vyksa Steel Works located in the Nizhniy Novgorod region, increased its train wheel sales by 25 percent in 2018.
OMK stated that this is an absolute maximum in the history of the facility. The previous record of 850,000 wheels per year was achieved in 2012.
The increase in the production and sales of train wheels last year stemmed from the efforts to meet the peak in demand from Russian rolling stock manufacturers and maintainers as well as rolling stock owners, said Dmitri Tse, director of Vyksa Steel Works.
OMK has invested over $42 million in its facility that makes train wheels, including innovative and high-speed wheels. The projects completed at Vyksa Steel Works will enable it to increase production to 900,000 units per year in 2019.