: General Electric finalizes agreement on cooperation with Ukraine's Antonov and Ukrzaliznytsia

16:03 Jul. 21, 2016

General Electric finalizes agreement on cooperation with Ukraine's Antonov and Ukrzaliznytsia

The General Electric Co. (GE) logo is displayed inside a test tunnel at the GE Aviation Test Operations facility in Peebles, Ohio, U.S. (Getty Images)

American company will help modernize Ukrainian infrastructure

On July 21, the American Corporation General Electric (GE) signed a memorandum on cooperation with Ukrainian state-owned companies Antonov aircraft manufacturer and Ukrzaliznytsia railways.

Volodymyr Omelyan, Ukraine's Infrastructure Minister, was quoted by the Interfax-Ukraine news agency as saying: 

"On the basis of the Infrastructure Ministry, we sign two strategic and political documents on cooperation with GE. It is not a sudden decision. We have been scrutinizing the positions of all global players. We understand that GE is a company #1 in the world producing diesel locomotives", the Minister said.

Read also Ukrainian railways and Canadian Bombardier to establish joint venture

The signed document paves the way for further strategic cooperation in making locomotives in Ukraine.

"The second document is not less important. It is state-owned enterprise Antonov. We are one of a few countries producing their own airplanes. We think the cooperation with GE in supplying engines will allow to bring our airplanes to a new level of quality. We will be able to take a deserved niche in a global aviation industry", Omelyan claimed.

"I am more than sure we have all the chances for that and I hope we will start a realization of practical projects by signing this document. What the world demands is Antonov planes, but with high-quality European engines," the high-ranking official added.

Read also US General Electric to deliver test locomotive to Ukraine

Adem Saglik, GE Marketing Director, said the company is ready to accept the challenge, because GE has a broad experience around the world with different clients, Ukraine won't become an exception.

"We think due to a strategic location of the country and railway infrastructure, we have a big potential. We are happy to be a part of reforms in Ukraine concerning not only goods supplies, but also improvement of performance effectiveness," Saglik said.




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