Letter of intentions on cooperation was signed by OJSC “Research and Production Corporation “Uralvagonzavod” and company “Chinese South Railway Building Corporation” (CSR) in Beijing, capital of the Chinese People Republic. From the Russian Side the Letter was signed by Oleg Sienko, CEO of Corporation “Uralvagonzavod”.
The Sides agreed that they are ready to establish and develop long-term mutually rewarding strategic partnership in railway car building using the advantages of their countries.
Thus, Corporation “Uralvagonzavod” is ready to give information on the projects interesting for their partners to the CSR, including particulars on the cooperation projects, i.e.: names of products to be purchased and supplied to Russia, their specifications, Russian standards and approved technical requirements. Besides, within the framework of the mutually rewarding partnership, “Uralvagonzavod” is ready to offer projects interesting for both Sides in Russia.
In turn, the Chinese partners promised to give on-line analysis of the railway car building projects offered to the corporation and to render consulting services on the joint projects offered, particulars and terms of which the Sides will discuss later, to “Uralvagonzavod”. In case of major joint projects CSR is ready to access the possibility of the project implementation together with the “Uralvagonzavod” representatives.
The Sides agreed to carry out scheduled meetings to implement the projects and to determine particular forms of cooperation.