Kineco - World of Composites

Kineco . Ltd. and Albatros Group (Spain) sign JV for Railway Technology.

In Picture (L to R): Mr. Miquel Tuset Managing Director, Alte Transportation S.L.,
Mr. Nicolas Fuster, President, Albatros Group and Mr. Shekhar Sardessai,
Chairman and Managing Director, Kineco Pvt. Ltd.

Kineco Pvt. Ltd., and the Albatros Group, through its subsidiary, ALTE Transportation S. L. of Spain, one of the global leaders in designing, supply and commissioning of world class on-board interior equipment and systems have entered into a Joint Venture agreement for design, manufacture and supply of complete rail car interiors and other on board equipment to the fast growing Indian rail market.

Alte is a part of the Albatros Group. They are one of the global leaders in designing, supply and commissioning of world class on-board interior equipment and systems for new railway coaches as well as for refurbishment and modernization projects. They have expertise in designing, installing and commissioning of entire on-board systems for trains including air-conditioning and waste management systems.

While announcing the JV, Mr. Shekhar Sardessai, Chairman and Managing Director of Kineco Pvt. Ltd. commented: "The Indian Railway Industry currently produces about 2500 coaches annually, a capacity which it intends to double over the next couple of years. In addition to this, there are 24 Indian cities (asides from Bangalore and Delhi) which are bidding for metros. This coupled with the Railway's plan to introduce world class interiors and on-board systems into India, presents a tremendous opportunity for railway interior suppliers, especially given that there are currently no companies in India which have world class interior experience. Kineco, together with the Albatros group have decided to grab this opportunity and bring into India the best interior designs and the latest technology for on-board systems. This joint venture will leverage the strengths of Kineco as a world class composite manufacturer and Alte’s capability as one of the global leaders in on-board railway technology to usher into India a new era of advanced high technology on-board systems and aesthetically pleasing railway interiors."

The joint venture company has been incorporated under the name Kineco Alte Train Technologies Pvt. Ltd. (KATT) in Goa on the 14th of December, 2010, just a little over a month after the two parties signed the JV agreement in Barcelona, Spain where Alte is headquartered.

Contact KATT:

Some world class interior designs by Kineco

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