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It was big news: Chinese CRRC wants to acquire Vossloh Locomotives in Europe. Now one of the leading European trains manufacturers is expanding in the opposite direction. Stadler is entering the Asian market by forming a joint venture with Indonesian rolling stock producer PT Inka.
The new joint venture contract follows after a letter of intent that was signed in the spring of this year. The aim? Building aluminum-based rail vehicles at in PT Inka’s new factory in Banyuwangi, East Java. The construction of the new facility started in January of this year and it will complement the manufacturer’s main factory in Madiun, also situated in East Java.
However, Stadler Rail will start the technology transfer and the training of local personnel under one condition: The joint venture will get an order for 500 (plus another 500 as option) suburban rail carriages. This should secure enough work for the plant, scheduled to start in 2021.
This article first appeared on railcolornews.com
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