Siemens Joint Venture to Supply Locomotives to RZD

31 May 2010 (Last Updated May 31st, 2010 18:30)

Russian Railways (RZD) has ordered 221 locomotives from OOO Ural Locomotives, a joint venture between Siemens and OJSC Sinara Transport Machines. Siemens is expected to spend over €100m ($123m) to establish a modern freight locomotive production unit in Russia. In addition, the co

Russian Railways (RZD) has ordered 221 locomotives from OOO Ural Locomotives, a joint venture between Siemens and OJSC Sinara Transport Machines.

Siemens is expected to spend over €100m ($123m) to establish a modern freight locomotive production unit in Russia.

In addition, the company will invest €20m ($24m) in expanding its production facilities in the country.

Siemens also signed a memorandum of understanding with RZD for producing regional trains in Russia.