The 1520 Group, which includes 38 Russian companies active in railway design and construction projects, has obtained regulatory approval for the purchase of a 50% stake in bridge contractor FSK Mostootryad-47 for an undisclosed price.
Bombardier Transportation has awarded DHL Supply Chain a three-year contract to operate the on-site logistics at its Derby plant. DHL will perform all goods receiving, warehousing, kitting, in-plant material movements and line feeding of parts to the car body shop, paint shop and final assembly lines.
Swiss Federal Railways has renewed Spectro’s contract for the provision of freight locomotive diesel engine oil analysis services.
A total of 82 companies attended CAF's first supplier day for the factory it is building at Newport in Wales.
Ticketing, real time information, analytics and fleet management company Parkeon Transportation is adding a 1 625 m2 manufacturing centre to its UK footprint. 'This investment comes at a time of significant growth for Parkeon, driven by increasing demand for our technologies in the UK, continental Europe, the Middle East, North America and Asia Pacific', said Managing Director Owen Griffith.
Having become CEO of Sapphire Corp in December, on February 12 Wang Heng said the growth prospects for its rail engineering business Ranken Railway Construction Group Co were 'intact' despite the termination of a proposed transaction that would have resulted in a new substantial shareholder. She said the construction of metros in China's first and second-tier cities was the company's traditional strength, which it would 'consolidate' with the development of 'new modes of rail transit in third and fourth-tier cities, which will be a massive market going forward.' Ranken is also 'happy to see the growth in opportunities for private enterprises in urban rail transit'.