GE Transportation has completed the purchase of a 50% interest in locomotive manufacturer Lokomotiv Kurastyru Zauyty (LKZ) from Kazakhstan’s national railway company, KTZ.
Lokomotiv Kurastyru Zauyty (LKZ) was formed in 2009 and was a 50:50 joint venture between KTZ and Transmashholding (TMH). LKZ manufactures GE Evolution Series locomotives for freight and passenger transport in Kazakhstan and the broader CIS region.
“Kazakhstan has a strategic plan for its railways to support economic growth and increased regional trade, and today’s announcement underscores GE’s commitment to working with KTZ to ensure that Kazakhstan’s rail infrastructure remains modern and reliable. We are excited to become a shareholder of LKZ and look forward to driving continued infrastructure improvements across the country, and bringing the most advanced locomotive technology to the CIS region,” said GE Transportation President and CEO Jamie Miller.
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