Sinara – Transport Mashines (STM) and Kazakh Eurotrans Group have established a new subsidiary to operate in Kazakhstan, STM Kazakhstan. Within the subsidiary, the two companies own 75 percent and 25 percent, respectively.
The required corporate procedures were completed on 5 March 2021 and the company has all the necessary licenses and permits to work on the territory of Kazakhstan and to implement infrastructure projects.
“Expanding our export presence is one of our top priorities. We began our work to strengthen the position of STM in Kazakhstan in 2020, and the creation of a separate subsidiary is a logical continuation of our expansion into this market. Our partner Eurotrans Group is one of the largest players in the railway logistics market in Kazakhstan,” Anton Zubikhin, STM Deputy CEO, said.
STM Kazakhstan will supply rolling stock and track equipment produced by Sinara – Transport Mashines, will carry out its repair and maintenance, and will also provide infrastructure services for rail welding, rail grinding, and other types of work related to the maintenance of railways. In the near future, STM Kazakhstan plans to take part in a number of tenders to be launched by Kazakhstan Railways for the supply of equipment and spare parts.
In addition, the sphere of interests of the joint venture includes the development of cooperation with private and state industrial companies in Kazakhstan. In 2020, industrial enterprises of Kazakhstan such as Transnational Company Kazchrome, Aktobe Copper Company and Kazzinc purchased eight TEM9 and TEM7A diesel locomotives manufactured by STM. The manufacturer has delivered more than 350 units of railway equipment to Kazakhstan.
In 2020, Sinara – Transport Machines maintained its production output at the level of the year 2019. A total of over 1,600 pieces of different railway machinery was supplied to Russian and foreign consumers, which included 138 electric locomotives of all series, 77 diesel locomotives of all series and 1,193 pieces of track maintenance machines and specialised cars, and 196 Lastocka cars. The Holding’s consolidated revenue, taking into account the performance of Ural Locomotives, a joint venture by Sinara Group and Siemens AG, exceeded RUB 106 billion (USD 1.4 billion).
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