GE, KTZ and Transmashdiesel create JV to produce diesel engines in Kazakhstan

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, GE press release said.

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.