ASTANA, Kazakhstan, June 24. On the sidelines of the Foreign Investors’ Council meeting under the President of the Republic of Kazakhstan, President Kassym-Jomart Tokayev held a series of meetings with event participants, Trend reports.
In a discourse with Rafael Santana, the President and CEO of
Wabtec, it was articulated that the enterprise has consistently
served as a dependable collaborator within Kazakhstan’s railway
sector for an extended duration, having allocated in excess of $230
million towards its advancement.
"The American entity Wabtec is acknowledged as a preeminent player
in the transportation technology sector on a global scale," the
press service of the President of Kazakhstan articulated.
Furthermore, Kassym-Jomart Tokayev underscored that Kazakhstan is
leveraging its strategic partnership to enhance the manufacturing
of an innovative locomotive variant, augment the proliferation of
service facilities, establish a competency hub, and escalate the
localization of production processes.
Wabtec is a prominent American enterprise engaged in the
manufacturing of advanced systems and components for the railway
transportation sector. Established in 1999 via the strategic
consolidation of Westinghouse Air Brake Company and MotivePower
Industries. The organization specializes in the production of
advanced braking systems, cutting-edge locomotives, intricate
railcar components, and comprehensive solutions for railway
automation integration.
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