Jakarta (ANTARA News) - Four state companies (BUMNs) signed memorandum of understanding (MoU) with big European companies during the world`s largest rolling stock exhibition Innotrans 2018, now held in Germany.

Industrial electronics producer PT Len Industri, rolling stock company PT Industri Kereta Api (INKA) and railway company PT Kereta Api Indonesia (KAI) signed MoU with five European companies on Thursday and energy company PT Pertamina was to sign a cooperation agreement on Friday.

"The agreements are part of the steps taken by the BUMNs toward going international. Indonesia could become leader in rolling stock industry in Asean," Rini said in an official statement received by Antara on Thursday.

PT Len Industri sign a MoU with a Croatian company ALTPRO on a partnership in product development and certification to strengthen their respective businesses.

Len will supply interlocking, LED Signal, Point Machine, CTC and Engineering System; and Altpro will supply Axle Counter System, Level Crossing, and ATP.

INKA will collaborate with SKODA, a producer of propulsion and railway control systems from the Czech Republic

The two are committed to continuing expansion of cooperation and transfer of technology on Traction Motor and propulsion.

KAI will collaborate with Progress Rail, a supplier of products and railway service affiliated to heavy equipment company Caterpillar.

The collaboration will cover development and maintenance of rolling stock, modernization and repowering of locomotives and provision of high technology to improve security, effic iency and performance of railways.

Cooperation will also include training programs and development of the personnel of PT KAI.

"The cooperation agreements are expected to strengthen the BUMN business and performance in the future regionally and internationally," Rini said.



Reporting by Mentari Dwi Gayati
Editing by A. Saragih

Reporter: Antara
Editor: Yosep Hariyadi
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