Stadler Rail boss Peter Spuhler, 63, is on a big fishing trip: The Swiss rolling stock maker has won an order worth 2.3 billion euros in Kazakhstan, as Stadler announced on Tuesday evening. In addition to vehicle production, the framework agreement includes a 20-year maintenance contract.
Stadler is also taking over a local production facility in Astana with around 100 employees. The transfer of technology to the Kazakh capital and the training of local staff at other Stadler factories should occur gradually.
Stadler Rail recently closed its large factory in Belarus almost completely as a result of sanctions over the Ukraine war. Production moved entirely to other countries such as Poland.
According to the communiqué, the delivery of sleeping and couchette wagons to Kazakh Railways is planned to be made in 2030. There is also an option for additional orders to further modernize the country’s rail fleet. (sda/smt)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
