STM created a subsidiary in Kazakhstan

The Sinara – Transport Machines (STM) holding has created a subsidiary company to operate in Kazakhstan – STM Kazakhstan LLP. The required corporate procedures for the formation of the partnership were completed on March 5th. The share of STM in the company is 75%. The second founder, Eurotrans Group LLP, owns 25%, informs Railway Supply magazine with reference to the information of STM.

Sinara - Transport Machines
Picture: www.sinara-group.com

“Expanding our export presence is one of our top priorities. We began 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, our cooperation, I am sure, will give a new impetus to the development of our companies’ businesses in the republic, ”said Anton Zubikhin, Deputy General Director for Private Label Sales.

The joint venture will supply rolling stock and track equipment manufactured by STM, its repair and maintenance, and will also provide infrastructure services for stone cleaning, 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 of the National Company “Kazakhstan Temir Zholy” for the supply of equipment and spare parts, as well as the provision of services for the repair of railway equipment. 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, the industrial enterprises of Kazakhstan (Transnational Company Kazchrome, Aktobe Copper Company, Kazzinc) purchased 8 shunting diesel locomotives produced by STM; in total, over the past 10 years, the holding has supplied over 350 units of equipment to this country.

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