The Russian company SFAT - to increase its tank car fleet to 7,000 cars with $42 million financing package from European Bank for Reconstruction and Development - Brief Article

Railway Age, June, 1996

THE RUSSIAN COMPANY SFAT (in which San Francisco-based Transcisco Industries holds a 21.4% interest) will increase its tank car fleet from 5,500 cars to 7,000 cars with proceeds of a $42 million financing package recently closed with the European Bank for Reconstruction and Development (EBRD). All of the new cars will use the Uni-Temp technology which Transcisco leases to SFAT.

According to Transcisco, SFAT earned $25 million last year in hard currency profits.