British Steel rails for Finland

British Steel’s Scunthorpe plant has delivered the first batch of rail to a European export customer since being taken over by Jingye Group, and its first delivery since the UK left the EU. The order covers 5 500 tonnes of rail for Finland’s infrastructure manager Väylävirasto. ‘This is an important contract for us in a very competitive marketplace’, said Commercial Director Craig Harvey. ‘Although we have supplied the Finnish network previously, this is the first time a European national rail operator has received rail directly from a contract arranged through our Scunthorpe office. The first delivery of 864, 50 m rails was made at the end of January and the next batch is due to be shipped in May.’


Eurofima’s balance sheet increased 5∙6% to €17∙0bn in the year to December 31 2020. Net profit was up 7∙9% at €24∙5m, the 64th consecutive year in which Eurofima did not experience any losses owing to railways not meeting their obligations. In 2020 Eurofima concluded 33 finance contracts totalling more than €2∙92bn with eight shareholders, mostly for electric trains and passenger rolling stock, raising a majority of these funds under the Green Bond Framework.

TMH Kolomna

TMH Kolomna has launched a diesel fuelling component production line with 24 high-precision processing stations, including CNC machining centres, universal grinders and turning workstations. ‘We procured this modern high-tech machinery to speed-up the modernisation of the plant, increase the production output, and improve the turnaround of repairs’, said TMH Kolomna CEO Dmitry Mirny.

Engineering consultancy IKOS Group has acquired UK-based consultancy and certification services company AEGIS, adding its three businesses in London, Derby and Madrid to the 19 IKOS offices around the world. IKOS said its first acquisition, rather than expansion through organic growth, formed part of strategy to expand internationally and increase its offerings in the fields of transport and sustainable development. ‘We share the same expertise in the railway sector and the same values based on passion, team spirit, respect and excellence’, said IKOS CEO Serge Chelly. ‘AEGIS is one of the few companies specialised in railways, like IKOS, with a desire to develop internationally and to invest in innovation.’