JAPAN: Tokyu Corp announced an agreement to sell its Tokyu Car rolling stock manufacturing business to East Japan Railway on October 27.
Tokyu said it had reviewed its activities in the light of intensifiying competion, shrinking markets and a recent decline in demand. Tokyu Car will be spun off as a separate business on April 1 2012, with ownership transferring to JR East the following day.
Tokyu's automotive and parking businesses are also being divested, and will be taken over by ShinMaywa.
IRELAND: On May 30 Iarnród Éireann took delivery of the first 12 of 57 inter-city diesel multiple-unit cars which were ordered from Mitsui in 2009 and are being assembled by Hyundai Rotem of South Korea with components from Tokyu Car Corp of Japan. The rest will arrive from South Korea ...
FRANCE: Open access co-operative Railcoop is expected to be formally liquidated on April 29, the company President Nicolas Debaisieux has confirmed. The collapse of the co-operative comes after it was placed into judicial administration on October 16 for a period of up to six months. With ...
UK: Independent European fund manager Arjun Infrastructure Partners and University Pension Plan Ontario have announced an investment in Angel Trains, along with the formation of a partnership to pursue further investment opportunities in OECD countries. Angel Trains is the largest rolling stock leasing company in the ...
