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Knorr-Bremse, ZAO Transmashholding joint venture to market vehicle braking systems in Russia


Knorr-Bremse AG and ZAO Transmashholding recently agreed to create a Russian joint venture to manufacture, sell and service rail vehicle braking systems in Russia and the Commonwealth of Independent States.

Knorr-Bremse and Moscow-based ZAO Transmashholding — Russia's largest rolling stock manufacturer — each will retain a half interest in the venture firm. The pact will enable Knorr-Bremse to enter the Russian market as a rail vehicle braking system supplier.

Knorr-Bremse supplies braking systems for rail and commercial vehicles, as well as automatic door systems, rail vehicle air conditioning systems and torsional vibration dampers for internal combustion engines.

Contact Progressive Railroading editorial staff.

More News from 4/3/2007