Article: Russia : FAIVELEY : Faiveley Transport enters into a framework agreement with MTZ Transmash, a Russian specialist in railway braking systems.

Byline: shrishail98

Faiveley Transport enters into a framework agreement with MTZ Transmash, a Russian specialist in railway braking systems. Faiveley Transport, a company controlled by Faiveley SA and Sagard, confirms it has entered into a framework agreement with MTZ Transmash (Russia).

Frame Work Agreement was signed between two world leading producers of brake equipment - OAO MTZ TRANSMASH and FAIVELEY TRANSPORT. The agreement was signed by Managing Director of the company OAO MTZ TRANSMASH, and Managing Director of the company FAIVELEY TRANSPORT.

In accordance with the Agreement, the joint-venture concerns the development, manufacturing and ...

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