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Transmashholding and Hitachi to Produce Traction Inverters in Russia

JSC Transmashholding and Hitachi, Ltd. signed an agreement to localize production of traction inverters for passenger rail transport in the Russian Federation. The Transmashholding-Hitachi joint venture will use local manufacturing capacities to manufacture high-performance traction inverters. Transmashholding will own 51% of the JV authorized capital of 375 million RUB, Hitachi will own 49%.
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