«Uralvagonzavod» is finalizing plans for JV in Algeria

© RIA Novosti / Pavel to Listenpreise in fotobanka OAO NPK Uralvagonzavod. Archival photo«Uralvagonzavod» is finalizing plans for JV in Algeria© RIA Novosti / Pavel to Listenpreise the image Bank

NPK «Uralvagonzavod» (UVZ) is finalizing plans for a joint venture (JV) in Algeria and will consider delivery from it to other countries, reported to journalists the General Director of the company Alexander Potapov.

UVZ in the summer of 2015 signed with the Algerian company EPE Ferrovial agreement of intent to establish a joint venture for the production of rail freight rolling stock. It was assumed that it will be created in Algeria, in its capacities allow to produce up to one thousand units per year.

«We are now in the stage of refinement of what was previously scheduled. One of the tasks that I put in my nearest visit: Refine and precisely define a «road map», which we will continue to move,» — said Potapov on Wednesday on the sidelines of the meeting of the Russian-Algerian business Council, which was held in the chamber of Commerce.

In Algeria, 18-20 September will be a meeting of the intergovernmental Russian-Algerian Commission. According to Potapova, he plans to go to Algeria in the framework of this Commission. «I plan to do so. Actually, I think that if I 20 September, the Commission held a series of meetings, it would be very helpful would be greater clarity, including in the elaboration and giveaway with the Algerian side,» — said the head of UVZ.

UVZ JV in Algeria was designated as the enterprise for the production of rail freight rolling stock. However, on Wednesday Potapov did not exclude that can be and other products. «We need to talk about greater range, because localizability one monoproduct not good», — said the head of UVZ. He cited the example of the very Corporation «Uralvagonzavod», where there is a power that allow to produce as the road construction municipal vehicles and rolling stock.

Talking about the volumes of production of the joint venture did not, noting that it is necessary to study the existing Park and its life. «The railway does not only take place in Algeria, we must look next Morocco, Tunisia and other countries», — said Potapov.