Bombardier forms 12.5 mln eur jv with Russian railways co Transmashholding |
|
|
|
Published
:
Fri, 25 May 2007 15:32
|
LONDON (Thomson Financial) - Bombardier Transportation, a unit of Bombardier Inc, has signed a joint venture agreement with Russian rail technology manufacturer Transmashholding to develop advanced propulsion technology, it announced in a statement.The two companies will build a engineering centre in Moscow to develop rolling stock and associated equipment for customers in Russia and in other countries, Bombardier said.They will also work together in a production joint venture to make a family of traction converters based on Bombardier's Mitrac propulsion technology, it added.The manufacturing centre, which will be based at Transmashholding's plant in Novocherkassk in Russia, has a target of producing at least 600 converters for a new generation of locomotives with asynchronous propulsion by 2012.Both engineering and production joint ventures will be owned equally by Bombardier Transportation and Transmashholding, and the two partners will together invest a total of 12.5 mln eur in both joint ventures, Bombardier said.paul.sandle@thomson.comps/jagCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Bombardier wins 40 mln eur train refurbishment contract from Dutch railways 