Siemens Russian Machines Form JV to Bid for Subway Order

Siemens Russian Machines Form JV to Bid for Subway Order :Siemens AG (SIE.XE) and Russian Machines Corp. agreed Friday to establish a joint venture with the aim of building trains for Moscow’s metro, the German industrial conglomerate said.

Siemens and the Russian engineering group want to bid as joint partners for a Moscow metro contract. The Russian capital wants to purchase more than 2,000 cars to modernize its metro fleet.

The joint venture, in which both partners will invest a total of 160 million euros ($217.8 million), is to be based in the region of Moscow and will employ up to 800 people. The metro contract is likely to be awarded to a bidder that produces locally, said Siemens.

Siemens, Russian Machines Form JV to Bid for Subway Order

We, Net Translation Services Limited, are in your disposal with our experienced translator team of 35 persons specialized in Rail Systems Terminology in English, German, Russian, French languages Please visit website: Nettercume.com.tr for our references.

65 / 1.769