Locomotive Kurastyru Zahuyty

Lokomotiv құrastyru Zauyty JSC was established within the framework of the state program "Forced Industrial and Innovative Development of Kazakhstan" and opened on July 3, 2009. The main area of ​ ​ activity is the assembly of locomotives using General Electric (GE) technology, USA. The design capacity for November 2021 is 100 freight locomotives per year. Products are exported to Tajikistan, Latvia, Estonia, Mongolia and other countries.

History

2024: Wabtec bought 50% of the company from TMX

On February 14, 2024, the American company Wabtec announced a transaction to acquire a 50% stake in the locomotive assembly plant of Lokomotiv Kurastyru Zauyty JSC (LKZ) in Kazakhstan. The transaction amount amounted to $81 million.

It is noted that earlier Wabtec owned a 50 percent stake in LKZ in parity with Transmashholding JSC (TMH). LKZ produces Evolution series locomotives, which are operated on the railways of Kyrgyzstan, Tajikistan, Ukraine, Turkmenistan and Azerbaijan. In September 2023, the US Office of Foreign Assets Control (OFAC) included Transmashholding in the sanctions list. As a result, Wabtec decided to buy out the remaining 50% of LKZ shares, thus becoming the sole owner of the enterprise.

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Wabtec

As of the beginning of 2024, the number of LKZ personnel exceeds 1000 employees. The design capacity of the enterprise is 100 diesel locomotives per year. In August 2023, the 500th anniversary locomotive was produced at the plant. In turn, Wabtec was formed by the merger of Westinghouse Air Brake Company and MotivePower Industries Corporation. Wabtec Corporation is one of the world leaders in the field of transport and logistics.

It is also noted that in September 2023, President of Kazakhstan Kassym-Jomart Tokayev, during his visit to the United States, discussed with the head of Wabtec Rafael Santana the prospects for cooperation in the framework of the reconstruction of the republic's railway industry. The American corporation intends to invest $1 billion in the transport and logistics industry of Kazakhstan. These funds will contribute to the development of the Trans-Caspian International Transport Route and will become the basis for other infrastructure projects. In addition, a framework agreement on strategic cooperation between Kazakhstan Railways and Wabtec was signed.^[1]

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