Novikom bank, part of Rostec’s RT-Finance holding, said in a September 1 release that Metrovagonmash had commissioned a universal stand for welding railcar bodies. Metrovagonmash, a producer of metro cars and diesel trains, is part of Transmashholding.

The company said the equipment strengthens one step in its production chain and is intended to improve speed and precision while supporting more complex projects, including new metro-car modifications. Novikom financed the purchase through a preferential funding programme. The release gave no quantified production impact or new railcar order figures.