|U.S. GE Transportation will build a diesel engine plant in Kazakhstan. The company signed a 3-eay tentative agreement with Kazakhstan Temir Zholy and Russias TranMashDiesel. The partners intend to invest USD 90mn to construct the new facility in the capital city of Astana. The plant will produce 400 engines of Evolution Series per year. The engine will be sold to rail, marine and stationary power companies in Kazakhstan as well as in CIS. The factory is expected to launch output in 2014. Presently, a factory in Astana assemblies 100 Evolution Series locomotives per year. Significantly, Kazakhstan has ambitious plan to develop its railway network and to modernize trains and carriages. Recently, the national railway carrier Kazakhstan Temir Zholy announced its plan to buy 19,000 freight locomotives.
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more