Siemens to Start Russian Locomotive Production, FAZ Reports

09.03.2010 (14:21)

Siemens AG will start production of locomotives in Russia for the local market this year, Frankfurter Allgemeine Zeitung said, citing no one.

The joint venture with OJSC Sinara will start this summer making 100 locomotives a year, with the partners investing between 150 million euros ($205 million) and 200 million euros in the venture, the newspaper said.

By Richard Weiss

www.bloomberg.com 

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