GE Transportation in joint venture to make diesel engines in Kazakhstan

   December 4, 2012 4:34 pm    0

 

GE Transportation today announced it had entered into a joint agreement to produce diesel engines in Astana, Kazakhstan.
The joint venture with Transmashdiesel and Kazakhstan Temir Zholy’s subsidiary JSC Remlokomotiv will eventually produce about 400 Evolution series diesel engines a year to serve rail, marine and stationary power customers in the Commonwealth of Independent States region in western Asia. The formation of the joint venture is subject to various conditions, including government and regulatory approvals.
GE’s Evolution series diesel engine is the company’s most successful and technologically advanced, fuel efficient, and low emissions engine to date. GE has produced more than 5,000 Evolution series diesel engines since introducing it in 2005.
As part of the deal, the joint venture’s partners plan to invest about $90 million to build a new, 97,000-square-foot diesel engine facility in Astana.
The joint venture intends to manufacture, sell, service, and provide spare parts for Evolution Series diesel engines. The plant is scheduled to be operational by the end of 2014. KTZ’s wholly owned subsidiary JSC Lokomotiv Kurastyru Zauyty already operates a 460,000-square-foot locomotive assembly facility in Astana, Kazakhstan’s capital and second-largest city. The plant can assemble approximately 100 Evolution Series locomotives a year.

 

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