Baku, Azerbaijan, Nov. 28
By Elena Kosolapova - Trend: French Alstom and its Kazakh partner Kamkor, a subsidiary of Kazakhstan Temir Zholy (Kazakh Railways), launched automatic machinery production at their joint venture KazElektroPrivod in Kazakhstan, Kazakhstan Today reported.
KazElektroPrivod is owned by Kazakh and French companies on parity basis.
The total investment in the joint venture hit about 8 million euros.
In 2013, KazElektroPrivod signed a contract with Kazakhstan Temir Zholy on the supply of 10,000 switch gears during 10 years. The contract will cost 90 million euros.
"Choosing Alstom as the supplier of technology and know-how in such important area as automation systems, our customer Kazakhstan Temir Zholy will get qualitative products produced in Kazakhstan," Thibault Desteract, Alstom Transport Senior Vice-President for Russia and CIS region said.
The production site has 40 employees. However, in 2016 when the plant will reach its full capacity, the number of its employees will grow up to 90 people. The output will hit 1,500 switch gears a year.
KazElektroPrivod plant is equipped with special machines with computer numerical control and part of its staff had attended training in Italy and Kazakhstan. This will allow launching not just assemblage of switch gears, but also their production in Kazakhstan.
In future Alstom plans to launch production of transport signaling systems in Kazakhstan, as well as expand KazElektroPrivod activity.
Kazakhstan, which in the 9th largest country in the world, has 14,000 kilometers long rail network.
Edited by C.N.
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