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Joint Ventures


Wabtec Corporation (Westinghouse Air Brake Technologies Corporation), a leading global provider of products for freight rail cars, passenger transit cars and locomotives, including brake equipment, electronics (including train control), doors, couplers, bogies, pantographs and engine rebuilds, has formed a joint venture with Texmaco Rail & Engineering Limited (Texmaco). The JV has been formed to initially provide hi-tech Freight products and services such as Draft Gear, Bogie Mounted Braking and other State-of-the-Art Railway products to the Indian Rail network, which is expected to expand and modernize.



Texmaco Rail & Engineering Limited has signed a joint venture agreement on May 16, 2012 with a French group - Touax Rail, a leading Lease Finance Company, having vast expertise in the business of leasing out freight cars (Wagons) etc. The joint venture is for entering into the business of wagon leasing, post receipt of relevant regulatory and statutory approvals, pursuant to recent opening up of Wagon Leasing by Railways under its Wagon Leasing Scheme.




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