Faiveley Transport confirms it has entered into a framework agreement with MTZ Transmash (Russia).

 

On January 21, 2009 in Paris, a Frame Work Agreement was signed between two world leading producers of brake equipment – OAO MTZ TRANSMASH and FAIVELEY TRANSPORT. The agreement was signed by Mr. Nikolay Yegorenkov, Managing Director of the company OAO MTZ TRANSMASH, and Mr. Robert Joyeux, Managing Director of the company FAIVELEY TRANSPORT.

 

In accordance with the Agreement, the joint-venture concerns the development, manufacturing and sales of brake systems for rolling stock in the CIS countries, the Baltic States and for the Russian Railways.

 

This co-operation is a key step for both parties in developing the commercial activity in this region; the partnership will be in a very strong position to meet international standards and provide global clients with state of the art braking equipment.

 

Mr. Yegorenkov and Mr. Joyeux joined together in a closing speech where they agreed that the association of these two activities from Russia and West Europe will bring countless benefits, particularly in the area of technical innovation and development.

 

 

MTZ Transmash is recognised as a reference for the quality of its products; it is a market leader in the Commonwealth of Independent States (former Soviet Union) and in the Baltic countries for the production of brake and control systems for rolling stock and metros.

MTZ Transmash, based in Moscow, was founded in 1921, it employs 1300 people and in 2007 revenues reached €100 million.

 

The Faiveley Group is one of the world’s leading suppliers of railway systems and services, with technical expertise in air conditioning, electro-mechanics, on-board electronics, braking systems & couplers, platform doors & gates and customer services.

 

Faiveley works closely with train operators and car-builders, in an international market, and uses its commercial and industrial organisation to accompany its clients globally.