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EU approves Russian locomotives JV of Siemens and Sinara

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BRUSSELS (Dow Jones) – The conglomerate Siemens has green light for its joint venture with the Russian Locomotive manufacturers have OJSC Sinara Transport Machines. The European Commission approved on Wednesday a joint venture, as the Brussels Authority announced the reporting day. In May last year, Siemens indicated that joint ventures should locomotives for the Russian Railways (RZD) build. At that plan was the construction of annually about 100 double locomotives for the Russian orbit.

   

Website: www.siemens.de

-By Alessandro Torello, Dow Jones Newswires;
+49 (0) 69 29725 102, unternehmen.de @ dowjones.com
DJG / DJN / mkl / cbr 


(END) Dow Jones Newswires

April 07, 2010 05:36 ET (09:36 GMT)

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