News

Sep 17, 2012

Corporation to expand to Latvia

President of the Republic of Latvia Andris B?rzi?š / Berzins met CEO of OJSC «RESEARCH AND PRODUCTION CORPORATION «URALVAGONZAVOD» Oleg Sienko in Riga. 

At the meeting one of the points discussed was prospective building of a plant for production and repair of railway cars. After the meeting, Oleg Sienko told the press that president Berzins was content with UVZ plans.

Jelgava was selected as the location for the project and local government has approved it. The new enterprise will be space efficient and automated. The plant will hire highly qualified specialists. UVZ is intended to create jobs for hundreds of people. Minister for Transport of Latvia Aivis Ronis has also voices his support for the project.

He noticed that the new enterprise will cover the Latvian rolling stock growing demand.At the meeting Oleg Sienko distinguished Latvian railway’s long-standing traditions, its professional employees, favourable investment climate and opportunities for cooperation with state and municipal governments.