Russia: significant investments for a new braking equipment manufacturer


Knorr-Bremse and Second Freight Company (VGK) expect to invest EUR 25 Million into their joint venture that will produce braking equipments.
Probably, the JV will be established in Q2, since only corporate procedures remain to be finalized.
The parties have agreed to establish a joint venture in autumn 2011. The JV will work in design, production, certification and service of the braking and auxiliary equipment for locomotives, multiple units and other rolling stock.