29.08.2019 | LocoTech-Promservise and Promzheldortrans Association signed a cooperation agreement

LocoTech-Promservise LLC and Promzheldortrans Association have signed a cooperation agreement. The ceremony took place on August 29, 2019 at the International Railway Forum “PRO//Motion. EXPO". 

Document was signed by Director General of LTPS Kirill Toropov and CEO of the Promzheldortrans Association Alexander Manyakhin. 

The agreement involves the joint actions of companies within the general concept of long-term cooperation and strategic partnership. The memorandum shall be effective till December 31, 2020. 

The document establishes the following key areas for potential cooperation: implementation of joint repair programmes, cooperation with locomotive manufacturers, development of new products and services for the traction rolling stock commercial market and others.

Director General of LocoTech-Promservise Kirill Toropov said: "Signing of this agreement is an important step in the development of the company for us. We look forward to fruitful cooperation and common development in the locomotive service market. We have all the resources to do this - professional team, understanding the specifics of the industry and a reliable partner".

CEO of the Promzheldortrans Association Alexander Manyakhin stressed that the signing of a cooperation agreement on the forum “PRO//Motion. EXPO "is a landmark for both parties. For PPZT the memorandum will serve to confirm the status and a tool for a more effective implementation of its main objectives - to promote the development of uncommon railway transport in Russia. 

LocoTech-Promservise is engaged in maintenance and repair of locomotives from the corporate owners based on the production capacity. It provides the following services: field service in the territory of the locomotive owner enterprise; repair of the line equipment for commercial locomotives; providing a range of services for the depot and factory repairs, starting with the purchase and repair of spare parts to delivery to the locomotive owner.

Promzheldortrans Association has been established in 1995 to consolidate the operations of industrial railway enterprises (PPZT) and the service companies on the repair of rolling stock and includes more than 95 companies. Its objectives are to improve the quality of cargo transportation services, full satisfaction of the growing demand for works and services related to the transportation process, improving uncommon railway safety.