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Thursday, March 26, 2015

TASS — China may replace US Caterpillar as partner of Russian locomotive manufacturer

The Russian state corporation Uralvagonzavod (UVZ) may start cooperation with China on its project of development and production of locomotives, CEO Oleg Sienko said in an interview to TASS.
Earlier the corporation planned to implement the project jointly with the US-based Caterpillar, however, the cooperation was frozen due to sanctions introduced by the US against UVZ.

"The Chinese [companies] may come instead of Caterpillar, we’re studying this issue. We even have joint framework agreements singed," Sienko said....
TASS
China may replace US Caterpillar as partner of Russian locomotive manufacturer

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