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“LDZ ritošā sastāva serviss” Ltd. signs memorandum of cooperation with Association of Ukrainian Transport Infrastructure Innovations, contract for supply of rolling stock spare parts

Last week, Vita Balode-Andrews, Member of the Board at SJSC “Latvijas dzelzceļš” and management of “LDZ ritošā sastāva serviss”  Ltd., a subsidiary of SJSC Latvijas dzelzceļš, went on a visit to Ternopil Oblast in Ukraine, where they met with Ukrainian cooperation partners at the Ukraine-Latvia Business Forum. During the meeting, Anda Sīviņa, Chairwoman of the Board at “LDZ ritošā sastāva serviss” Ltd., and Andriy Smorodin, Chairman of the Association of Ukrainian Transport Infrastructure Innovations, signed a memorandum of cooperation aimed at promoting economic, industrial, scientific and technical cooperation.

As part of the memorandum, “LDZ ritošā sastāva serviss” Ltd. and the Ukrainian partners signed a contract for the supply of spare parts, which will provide “LDZ ritošā sastāva serviss” Ltd. with the products manufactured in Ukraine that are necessary in the company’s core business.

“LDZ ritošā sastāva serviss” Ltd. Board Chairwoman Anda Sīviņa comments: “The world has changed, and we are changing as a company as well: we are looking for new customers, new logistics chains, and new suppliers. Ukraine has strong companies with significant know-how and expertise, and I am pleased that this contract will ensure a reliable supply of spare parts for our operations, while the Ukrainian side will have the opportunity to expand its exports to the Baltic countries.”

Andriy Smorodin, Chairman of the Association of Ukrainian Transport Infrastructure Innovations: “This is the first time a contract of this kind has been signed in this format and it will allow Ukrainian manufacturers to enter the Latvian and European markets, help the Latvian side to replace products purchased from Russia with Ukrainian products, and develop joint projects specific to Ukraine and Latvia.”

In the meantime, Vita Balode-Andrews, Member of the Board at SJSC “Latvijas dzelzceļš”, during the visit to Ukraine met with the management of Ukrainian Railways and the Ukrainian Infrastructure Ministry’s Deputy Minister in charge of transport and logistics. During the meeting, discussed were opportunities for further cooperation between SJSC “Latvijas dzelzceļš” and Ukraine in logistics and freight shipments, with an emphasis on opportunities for shipping Ukrainian agricultural products using Latvian railway infrastructure. The parties also highlighted the potential for cooperation between the two countries in rolling stock repair and spare parts supply.