Sunday, January 04, 2009

Alstom and Transmashholding sign partnership agreement

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ALSTOM and Russia’s largest rolling stock manufacturer, Transmashholding (TMH) have signed a strategic partnership agreement aimed at developing new products in the Russian and Commonwealth of Independent States markets.

ALSTOM and Russia’s largest rolling stock manufacturer, Transmashholding (TMH) have signed a strategic partnership agreement aimed at developing new products in the Russian and Commonwealth of Independent States markets.
The deal will see Alstom support the modernisation of TMH’s manufacturing sites, and the development of a new generation of rolling stock. The first product will be an electric locomotive due to be delivered by mid-2010.
In return for its assistance, Alstom will acquire a 25% share of TMH’s holding company and the creation of a joint-venture to develop new rolling stock. The companies intend to continue their existing cooperation agreement to manufacture double-deck passenger coaches in response to a call for tenders from Russian Railways (RZD).
RZD is embarking on an ambitious modernisation programme which will see around 1000 new locomotives per year built for existing operations, as well as the development of high-speed lines and upgrading passenger services.

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