GE Transportation Acquires 50 Percent Stake in Kazakhstan JV

GE Transportation has acquired a 50 percent interest in locomotive manufacturer Lokomotiv Kurastyru Zauyty (LKZ) from Kazakhstan’s KTZ national railway company. LKZ is a 50/50 joint venture between KTZ and Russia’s rail equipment producer Transmashholding. The company manufactures GE Evolution Series locomotives for freight and passenger transportation in Kazakhstan and the CIS region, which includes Tajikistan, Turkmenistan, Azerbaijan, Estonia, Mongolia and other countries. 

Jamie Miller, GE Transportation president and CEO, stated, “Kazakhstan has a strategic plan for its railroad to support economic growth and increased regional trade, and today’s announcement underscores GE’s commitment to working with KTZ to ensure that Kazakhstan’s rail infrastructure remains modern and reliable. We are excited to become a shareholder of LKZ and look forward to driving continued infrastructure improvements across the country, and bringing the most advanced locomotive technology to the CIS region.” 

“We have been working with GE Transportation for more than ten years and, during this time, produced over 300 Evolution Series locomotives,” said Kanat Alpysbayev, president of KTZ. “These locomotives, which are built locally, are used on Kazakhstan’s railways and operated throughout the CIS region. We look forward to furthering GE Transportation’s presence in the region.”