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Wabtec takes full control of Lokomotiv Kurastyru Zauyty in Kazakhstan

21 February 2024
Reading time ~ 1 min
The TE33A freight diesel locomotives at LKZ
The TE33A freight diesel locomotives at LKZ. Source: LKZ
Savenkova Ekaterina, Editorial Contributor to International Projects of ROLLINGSTOCK Agency
Reading time ~ 1 min
Stolchnev Alexey, Russian Projects Editor, ROLLINGSTOCK Agency

Kazakhstan: In its 2023 Q4 report, the manufacturer announced that it had acquired another 50% stake in the company for $81 mln, with $ 35 mln of imputed income from the transaction.

Previously, the site was equally owned by Wabtec and TMH, and in its 2022 annual report, the Russian manufacturer reported its exit.

In the spring of 2023, Lokomotiv Kurastyru Zauyty (LKZ) announced that it had increased production capacity to 120 locomotives per year. The main models of locomotives produced at the plant are various modifications of the TE33A mainline locomotive since 2009 and the TEM11A shunting locomotive since 2020.

Kazakhstan Temir Zholy reports that it expects 75 TE33AS and 13 TEM11A locomotives by 2029, and has received financing for around 240 Wabtec locomotives in 2023.

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