GE has signed an agreement with Transmashdiesel and JSC National Company Kazakhstan Temir Zholy's (KTZ) subsidiary JSC Remlokomotiv to create a joint venture company to produce diesel engines in Astana, Kazakhstan.
The JV will produce approximately 400 Evolution Series diesel engines a year to serve rail, marine and stationary power customers in the Commonwealth of Independent States (CIS) region. The JV will plan to invest approximately $90 million to build a new diesel engine facility in Astana, Kazakhstan and intend to manufacture, sell, service and provide spare parts for Evolution Series diesel engines.
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