MOSCOW TIME: 23.05.2018 20:26:19

Companies + Economy + Markets

Russia and Iran agree on delivering and assembling railway cars

Russia and Iran agree on delivering and assembling railway cars

United Wagon Company (UWC), a Russian research and production company, has reached agreement with three Iranian companies to supply and assemble railway cars in Iran.



Russia and Iran agree on delivering and assembling railway cars


United Wagon Company (UWC), a Russian research and production company, has reached agreement with three Iranian companies to supply and assemble railway cars in Iran.


The agreement covers about 6 thousand cars. 4.9 thousand cars of the total number will be assembled in the domestic market while remaining 1.1 thousand will be imported. The Iranian companies intend to complete the assembling of 4.9 thousand cars in 3 years using Russian financing.


The Iranian companies are expected to manufacture car bodies with UWC delivering wheels and brake systems.


The country' Minister of Industry Mohammad Reza Nematzadeh emphasized the need for national manufacturers to timely perform their obligations at a meeting held with the executives of the Iranian companies.


In mid-September 2016, Andrei Polyakov, the President of Roseximbank, reported that the bank planned to provide RUB 1 bln of financing for United Wagon Company's transaction contemplating the delivery of railway cars to Iran until the end of 2016 with the next stages contemplating the expansion of deliveries and involvement of other major Russian banks, including VTB, in the project.



Share this:

Share this Share this Share this

NEWS


23.05.2018 Krasnodar Perfume Exports Soar as They Become Trendy

The exports of perfumes and eau de cologne manufactured in Krasnodar Territory stood at $1.2m in 2017 more than four hundred (400) times than the previous year.

23.05.2018 Russian Pork Exports Show Steep Increase

According to the Russian Federal Customs Services official statistics, Russias pork exports stood at $62m in 2016/17 a 50% increase on the previous two years.

23.05.2018 Tyumen Region Boosts Mono-Ethylene Glycol Exports

Tyumen Region exported 41,000 tons of mono-ethylene glycol (MEG) to $37m in 2017 six times more than the previous year.

EVENTS


21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

31.10.2018 UZSTROYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners