Alstom, Transmashholding and Kazakh Railways (KTZ) to Create Joint Company to Manufacture Electric Locomotives in Kazakhstan
Alstom, Transmashholding and Kazakh Railways (KTZ) have signed an agreement for the creation of a joint venture company to produce electric locomotives in Kazakhstan.
This agreement was signed at the XIV St Petersburg International Economic Forum. It follows the signature on 3 June in Almaty (Kazakhstan) of a Memorandum on mutual cooperation. This agreement will benefit from French government financial support.
The locomotives manufactured by this joint venture will incorporate technologies developed by Alstom and Transmashholding. They will also include components from the French-Russian consortium and from Alstom’s Belfort factory (France). The production of components will gradually be delocalized to Kazakhstan.
According to the terms of this agreement, the locomotives manufactured by the joint venture will, as a first priority, fulfil the requirements of Kazakh Railways and could then be exported to other countries.
Transmashholding is Russia’s leading rail manufacturer, known for its production of electric and diesel locomotives, converters, freight and passenger cars, suburban and metro cars, diesel engines for locomotives and diesel generators. In 2009 Transmashholding’s sales reached €1.7 billion (US$2.1 billion).