PM launched first Evolution Series Locomotive of Kazakhstan production


Damir Baimanov

PM launched first Evolution Series Locomotive of Kazakhstan productionPrime Minister has launched first locomotive of Evolution series at Astana locomotive-assembly plant today.

“Several months ago President Nursultan Nazarbayev gave start to this project. And today on the threshold of the Independence Day we witness the first result”, the Premier said.

In turn Director of the Plant Tleuzhan Meiramgalin noted there were 1,200 units of high-technological equipment at the venture.

269 people are working at the plant to date, the Director said.

The Locomotive Assembly Plant is a large project being realized by Kazakhstan Temir Zholy JSC together with General Electric American Company. The investments in construction of the plant made KZT 10 bln. 28 locomotives are planned to be produced in 2010, eight of them will be exported to the CIS countries, Baltic States and Mongolia. By 2014 the capacity of the venture will make 100 locomotives per year, 30 of them will be exported.

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GE buys 20% stake in Astana locomotive assembly plant


Damir Baimanov

General Electric buys 20% stake in Astana locomotive assembly plant. The corresponding memorandum was signed between President of KazakhstanTemirZholy JSC Askar Mamin and President of General Electric Lorenzo Simonelli during the presentation of the first-ever Kazakh locomotive of Evolution series on Monday.

Construction of the locomotive assembly plant was started five months ago. The presentation of the locomotive was held with the participation of Kazakh Prime Minister Karim Massimov and Astana Akim Imangali Tasmagambetov.