STM Has Created A New Subsidiary In Kazakhstan

Sinara - Transportnye Mashiny (STM) has created its new subsidiary to operate in Kazakhstan - STM Kazakhstan. This is a joint venture with the STM share of 75 % and that of the second founder, the Kazakh Evrotrans Grupp (Eurotrans Group), of 25 %.

The required corporate procedures were completed on 5 March 2021. The company has all the necessary licenses and permits to work on the territory of the Republic of Kazakhstan and to implement infrastructure projects.

Anton Zubikhin, STM Deputy General Director, said: „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 Evrotrans Grupp is one of the largest players in the railway logistics market in Kazakhstan.”

The joint venture will supply rolling stock and track equipment produced by STM, will cary out its repair and maintenance, and will also provide infrastructure services for 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 KTZ tenders for the supply of equipment and spare parts.

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, industrial enterprises of Kazakhstan purchased eight diesel shunters produced by STM (LTZ).