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Russian, Kazakh companies form joint venture for armored vehicles

NIZHNY TAGIL, Russia, Nov. 14 (UPI) -- Russian vehicle manufacturer UralVagonZavod and JSC Semey Engineering of Kazakhstan have formed a joint venture for maintenance and repair of armored vehicles.

UVZ-Semey Engineering will establish a service center in Kazakhstan, formerly part of the Soviet Union, that will provide maintenance, re-equipment and modernization of armored vehicles.

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URALVAGONZAVOD intends to maintain T-72 tanks at the facility.

"Our prospective cooperation with URALVAGONZAVOD is of high significance for us," said Bakytzhan Seitov, chief executive officer of JSC Semey Engineering. "It will give us prospects in expanding [the] line of machines [vehicles] that are subject to heavy overhaul and modernization.

"I am positive that our cooperation will be effective."

URALVAGONZAVOD, which announced the partnership, said: "Our role here is defining, because we are the developers of these products. But since the facility will be located within the territory of our partners, we have parity.

"Each of the parties has objectives, including mutual ones, within the Collective Security Treaty Organization [a defense agreement among former Soviet countries]. We ... help our partners and colleagues increase the defense capabilities."

Additional details were not provided.

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