Transnet and CSR Zhuzhou Electric Locomotive (CSR) signed in December a MoU to set up manufacturing facilities in South Africa to exploit opportunities for the production and maintenance of electric locomotives as well as core rail equipment and components for African markets.
Under the MoU the cooperation includes the establishment of a research and development facility, the setting up of manufacturing plants in South Africa, Joint initiation and development of business opportunities in Africa, skills transfer, including establishment of a training centre in South Africa and setting up a refurbishment and manufacturing plant.
Initially, Transnet will make available its manufacturing facilities in South Africa and CSR will enter into a joint venture with Transnet and the entity will be based in South Africa.
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