Transcisco Industries Inc. announced that it signed a joint venture agreement with the Soviet Union to provide heating systems for train tank cars.
Under the agreement signed in the Soviet Union, Transcisco will make its Uni-Temp heating systems in the United States and ship them to Finland, where they will be installed in Soviet tank cars. The company said it expected to make the heating systems in the Soviet Union under license in a few years.
Signing the agreement were the Soviet Ministry of Rail and the Ministry of Petrochemicals and HAKA Oy of Finland, a large construction and engineering company. Partners will be paid in hard currency.
Transcisco also said it has formed the first rail car leasing company in the Soviet Union.