Kardemir and Amsted Rail sign global sales and distribution cooperation agreement

Kardemir and Amsted Rail sign global sales and distribution cooperation agreement

Wednesday, 24 June 2026 10:02:39 (GMT+3) | Istanbul

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Turkey's Kardemir Karabuk Demir Celik Sanayive Ticaret A.S. (Kardemir) has announced that, following the completion ofnegotiations held under the memorandum of understanding previously signed with US-based railway equipment supplier AmstedRail Company, Inc., it has signed a Master Supply and Resale Agreement, which entered into force as of June 18, 2026.

According to Kardemir's statement, the agreement represents an importantstep in line with the company's goal of strengthening its position ininternational markets for high value-added products, while establishing aglobal commercial cooperation framework that brings together the partiesproduction capabilities, technical expertise, and sales and marketingresources. Under the agreement, international project and commercialopportunities will be evaluated with the aim of establishing cooperation.

AmstedRail

Amsted Rail, one of the world's leading suppliers of undercarriage and end-of-car components for railway wagons, is expected to create acomplementary value chain with Kardemir through its market access anddistribution capabilities across six continents, together with Kardemir'sintegrated production infrastructure and technical expertise in railway products.

As previously reported by SteelOrbis, Kardemir had announced that, as part of its export-oriented growth strategy in high value-added product segments, it had signed a railway wheel supply agreement worth approximately $2.25 milion with a customerbased in the Czech Republic.