UKRAINE: Freight Car Energy Group has announced plans to list on the Warszawa stock exchange. This would enable it to raise money outside its home market to fund a US$56m expansion programme running to 2020, including investment in its Lugansk plant which produces wheelsets, bogies, brakes and electronics.

FCE hopes to produce complete tank, open and grain hopper wagons, and broaden sales from the 1 520 mm gauge market to win orders from elsewhere in Europe, Asia and Africa.