TÜMOSAN and Talgo Signs Agreement

TÜMOSAN and Talgo Signs Agreement signed: The agreement signed between Tümosan and Talgo for the purpose of joint production of high-speed train sets.
The ceremony was held with the participation of senior executives of two companies, with the participation of Tümosan and a letter of intent on the transfer of joint projects, initiatives or technology transfer between the Spanish company Patentes Talgo SLU operating in the field of train, high-speed train and railway equipment.
President speaking Albayrak Board at the ceremony Nuri Albayrak, the start of a new railway mobilization last 10 years, and Turkey's fast train said that they experience a period he met, "envisages the construction of the described state policy until 2023, 10 thousand kilometers of high speed rail line, Europe and Asia It aims to make our country the heart of rail transport by linking it. ”
Underlining the development of technology for the production of the towed and towed vehicles as well as the railroads, Albayrak said that the transfer of high-speed train sets within the scope of the national train project has emerged as a necessity in the production of maximum domestic resources and that international cooperation has become mandatory.
Albayrak stated that Tümosan's vehicles, diesel engines, transmissions, transmissions and axle systems produced in the last 10 years after privatization were designed and manufactured with national facilities.
Emphasizing that the development of the Altay Tank power group with Tümosan's Undersecretariat for Defense Industries continues the project negotiations and that it will have the ability to design and manufacture 5 thousand horsepower engines and transmission within 500 years after the contract is signed, Albayrak said, After long evaluations, he determined Talgo as the most suitable candidate for cooperation and decided to sign a letter of intent for this purpose. ”
Albayrak pointed out that the ultimate aim of this cooperation is to bring rail systems technologies to the country and finished his words as follows:
"Signature of the document received under the scope of the parties to make joint feasibility study to produce the high-speed train sets in Turkey and aim to participate in the tender process of potential projects. I present my gratitude to the company officials who decided to cooperate with us in order to fulfill a plus national duty in your presence, and I wish this step to be beneficial for my company and our country. ”
“The Spanish firm's contribution to the budget has not been determined yet”
Ana de Nicolas Renedo, Patentes Talgo SLU Vice President, stated that they have carried out different actions in many countries and that they continue to work on this great project. Pointing out that the Spanish Prime Minister also had a large share in the project, Renedo stated that the two countries are happy for the project in question.
Turkey Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT a) The Principles Aycı Albayrak Group, said Tümosan factory value on the worth taking the floor in Konya, "$ 20 million its surroundings in the company's value today is under an amount of $ 1 billion. I am sure, with this partnership, we will see that it will exceed $ 1 billion in the future. ”
After the ceremony, members of the press Tümosan answered questions General Manager of Independence Meal, pointing out that they are trying to accomplish the spindle speed train target Turkey, "the estimated cost, I consider perhaps would consist of sets of 10-3 billion euros, the budget in 4 years. The Spanish firm's contribution to this budget has not been determined yet. The negotiations will continue and we will make a new decision on how the initial investment will be. ”
Ögün stated that it is very important for them to realize the realization of state projects with national means, “It is not only that this company brings money directly, it is also important to make an investment and to establish the industry with our contribution. We are willing to work for 4 billion euros. ”
Answering the questions of the AA correspondent, Albayrak Chairman Nuri Albayrak stated that the project is the product of 1 annual work and that they can evaluate a large number of offers coming from abroad after the project is implemented.
Albayrak, the Director General of Civil Dawn Qajar Republic of Turkey State Railways (TCDD), the year will come in sets of high-speed train stressed that the estimated cost of around 90 billion euros of 3 setlik and tender.
Kacar, "in order to promote domestic production of Turkey is to be made up to 53 percent. Fast trains, we plan to produce Talgo's expertise in Turkey will bring to Turkey, we sign this partnership agreement for her. Our main goal is to be able to bid for 90 sets of tender. The tender date will be held this year after the elections. We are working to keep up with this tender. ”
Yesterday announced in KAP
In the announcement of Tümosan Motor and Traktör Sanayi AŞ on the Public Disclosure Platform (KAP) yesterday, “Spain, which operates in this field for the purpose of producing, selling, maintaining and repairing train, high speed train and railway materials and equipment within our company” It was agreed to sign a letter of intent (memorandum of understanding) for joint project, joint venture and / or technology transfer with Patentes Talgo SLU company located in. ”.
In the statement made by the company to KAP the day before, in order to carry out negotiations on domestic projects, joint venture and technology transfer with domestic and foreign companies operating in this field for the production, sale, maintenance and repair of train, high speed train and railway materials and equipment. It was announced that it was decided to authorize the chairman of the board, Nuri Albayrak.
Completing last week at 5,26 TL, Tümosan shares are trading at 35 TL with 7,13 percent increase weekly.

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