Turkish tractors and diesel motors maker Tumosan Motor ve Traktor Sanayi announced that it has agreed to sign a MoU with Spanish producer Patentes Talgo for joint projects, ventures or technology transfer.
The agreement is in line with Tumosan’s strategy to branch out into the train, high-speed train and railway materials and the equipment production, maintenance and repair sectors, the company said in a filing with Borsa Istanbul.
Tumosan said it would conduct negotiations regarding joint projects, joint ventures or technology transfer with local and foreign entities that are active in trains and railway equipment production, maintenance and repair.
Source: SeeNews
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