KTZ established the plant in 2009 at a cost of $US 120m to manufacture General Electric (GE) diesel locomotives under licence from GE. The purchase enables TMH to access GE technologies, and head of TMH Mr Andrei Bokarev says the aim is to continue producing 150 GE locomotives a year, shipping 70-80 to KTZ, 25-30 to Russia, and the remainder to the CIS and Asia.
TMH buys Kazakh loco plant stake
RUSSIAN rolling stock manufacturer Transhmashholding (TMH) has purchased a 50% stake in Kazakhstan's Kurastyru Zauyty Locomotive plant from Kazakhstan Railways (KTZ), following a signing ceremony on June 15 overseen by Russian prime minister Mr Dimitry Medvedev and his Kazakh counterpart Mr Karim Masimov.
RUSSIAN rolling stock manufacturer Transhmashholding (TMH) has purchased a 50% stake in Kazakhstan's Kurastyru Zauyty Locomotive plant from Kazakhstan Railways (KTZ), following a signing ceremony on June 15 overseen by Russian prime minister Mr Dimitry Medvedev and his Kazakh counterpart Mr Karim Masimov.
Categories: Asia, Financial, Fleet, Locomotives, News
