KREMENCHUK, Dec. 10 - Kriukivsky railway car plant is to invest around UAH100 million in 2008 in the upgrade of its production facilities, the head of the plant's supervisory council and president, Volodymyr Prikhodko, has said.

"We will invest around UAH100 million in the company's development for the third year in a row. We will invest these funds in the development of new technologies. We'll create four or five new products linked to passenger and cargo car building, subways and escalators, "he said.