Business

Skoda-Kirov joint venture agreement

By 2013-05-13T09:01:00

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RUSSIA: Czech rolling stock manufacturer Škoda Transportation and Kirovsky Zavod signed a memorandum of understanding on April 22 for each to invest US$20m in the creation of an equally-owned joint venture to produce trams, metro trains and double-deck EMUs for the Russian market in St Petersburg.

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