Alstom, Transmashholding form joint venture
Written by William C. Vantuono, Editor-in-ChiefFrance’s Alstom, Russia’s Transmashholding, and Kazakh Railways have signed an agreement for the creation of a joint venture company to produce electric locomotives in Kazakhstan.
The parties signed the agreement at the 14th St. Petersburg International Economic Forum in Russia. The move follows a Memorandum on Mutual Cooperation signed on June 3 by the three parties in Almaty, Kazakhstan.
Both Alstom and Transmashholding will contribute technology to the joint venture. Production of components will gradually be moved from those companies’ respective facilities to a site within Kazakhstan. The agreement allows for additional locomotive manufacturing within Kazakhstan for export to other nations, once the requirements of Kazakh Railways is satisfied.
