Thursday, 28 September 2006

GENERAL ELECTRIC GETS $650 MILLION CONTRACT FROM KAZAKHSTAN FOR 310 LOCOMOTIVES

Published in News Digest

By empty (9/28/2006 issue of the CACI Analyst)

General Electric Co. said Thursday it will supply the Kazakhstan national railway with 310 GE Evolution locomotives worth more than $650 million. The industrial and engineering conglomerate plans to build 300 engines from 2008 to 2012 at a new plant in Pavlodar, Kazakhstan.
General Electric Co. said Thursday it will supply the Kazakhstan national railway with 310 GE Evolution locomotives worth more than $650 million. The industrial and engineering conglomerate plans to build 300 engines from 2008 to 2012 at a new plant in Pavlodar, Kazakhstan. The first 10 will come from its plant in Erie, Pa., in 2008. National railway Kazakhstan Temir Zholy plans to use the trains to move large amounts of goods and materials, including petroleum products. GE Shares rose 15 cents to $35.49 in afternoon trading on the New York Stock Exchange. (AP)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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