Russian Railways Logistics Starts Spare Part Delivery for Electric Trains from China to Russia.

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Russian Railways Logistics started outsize aluminum part transportation of a total weight of 134.5 tons produced by Jilin Midas Aluminium Industries from the warehouse in Liaoyuan, Jilin Province of China to Ural Locomotives plant in Yekaterinburg, Russia. The forwarding project is carried out through the border crossing point Zabaikalsk-Manchuria.

Moscow, Russian Federation., March 18, 2013 - (PressReleasePoint) - Russian Railways Logistics started outsize aluminum part transportation of a total weight of 134.5 tons produced by Jilin Midas Aluminium Industries from the warehouse in Liaoyuan, Jilin Province of China to Ural Locomotives plant in Yekaterinburg, Russia. The forwarding project is carried out through the border crossing point Zabaikalsk-Manchuria.

Aluminum panels will be used to produce the body of high-speed train “Lastochka” of Desiro-Rus series. In the long-term perspective up to 2015 Russian Railways Logistics plans to organize up to 100 shipments for Ural Locomotives.

Ural Locomotives is a joint venture of Sinara Group and Siemens AG, which was founded July 1, 2010 to produce electric freight locomotives utilizing asynchronous traction on the basis of Ural Railway Engineering Plant (Uralmash).

Russian Railways Holding, Sinara Group and Siemens AG signed a contract on transportation of 1200 electric wagons "Lastochka" of Desiro-Rus series by Russian Railways in the period of 2015 to 2020. Total value of a contract is more than EUR2.1 bn. High-speed passenger trains of Desiro-Rus series is used for regional rail operations and belong to a new generation of lightweight modular train.

Jilin Midas Aluminium Industries is a subsidiary of Midas Holdings Limited, Chinese investment holding company, which was established on 17 November 2000 to participate in the infrastructure and transport projects in China. In April 2011 Midas Holdings Ltd announced that it incorporated two companies through its subsidiary Jilin Midas. One of them is Luoyang Midas Aluminium Industries Co., Ltd which main activity is selling aluminium extrusion products with the registered capital of RMB150 mn and percentage of shareholding is 100% through Jilin Midas. The second subsidiary is Jilin Midas Light Alloy Co., Ltd which main activities are manufacturing of high precision, high specification aluminium alloy plates, bars, foils and related downstream processing products with the registered capital of USD30 mn and percentage of shareholding of 100%. Jilin Midas Aluminium Industries mainly produces aluminium alloy extrusion products are used in the body frames of high-speed trains, subway molding, freight vehicle molding, ship molding, ordinary industry molding and in power stations for power-transmission purposes, electrical energy distribution and power transmission cables, tubing and others.