JSC “Daugavpils Lokomotīvju Remonta Rūpnīca” notice


Regarding the statement "Dienas bizness" from 11.06.2014. that AS DLRR “is hoping to direct its business from diesel locomotives repair to the spare parts production” we would like to inform that AS DLRR was always speaking of turnover source diversification to reduce currency risks, political risks as well as to increase the number of clients and increase the turnover. The abovementioned phrase means exactly the diversification of the production with the aim of reaching half of the yearly turnover with the production of spare parts. This is one of the main strategic aims for the further successful development of the company. To reach the aim we are in the active phase of purchasing new equipment in the scope of European financing project, which will allow us not only to improve the quality of the production of the spare parts, but also to increase spectrum of the spare parts production. The same reason lies behind the aim to increase the European share of the turnover.

Regarding the budget for 2014, the company is planning to reach the turnover of not less than 30 mln EUR as well as to finish the financial year with profit.

Regarding the “Diesel train modernization project”. Considering that in December the division of work was approximate, the share of the company mentioned in the statement dated 17th of December 2013 does not correspond to the current situation. After the beginning of the project development members of the General partnership reached the agreement to redistribute some the work scope to reach maximum efficiency, and total current share of the company  is apr.9.8 mln.EUR. Each member of the partnership has its interest in the project thus each member is interested in such distribution, which makes maximum efficiency and minimal costs. This becomes possible only when every  member is working in its field of expertise.