Swedish company Railcare is targeting expansion in the Asian rail and metro markets, with a Hong Kong-based business to be launched in H2 2021. ‘It feels like the right time to make this investment now, primarily because there are many projects that suit us and our machines, along with the company being in a good position to take this step’, explained CEO Daniel Öholm on June 3. ‘The pandemic restrictions are also starting to ease as more and more people are vaccinated.’
Kawasaki Heavy Industries has launched its first remote track monitoring service in North America, equipping a Class I railway’s locomotives with sensors and cameras and providing remote monitoring of track gauge, profile, alignment, cross level and twist to support maintenance.
The US Railway Engineering-Maintenance Suppliers Association has appointed TGA Association Management Solutions to provide organisational support and government affairs services.
S&P Global Ratings has confirmed that Georgian Railway’s green bond framework, published on May 26, is aligned with the four components of the Green Bond Principles 2018. Projects financed under the framework will support the electrification, modernisation and extension of the country’s railway infrastructure.
Trinity Industries’ partially-owned leasing subsidiaries TRIP Rail Holdings and RIV 2013 Rail Holdings have entered into agreements to refinance over $1∙2bn in outstanding debt. ‘The significance of refinancing over $1bn in debt at historically low interest rates speaks to the attractiveness of the asset class and the depth of the capital markets for high-performing rail securitisations’, said Trinity EVP & CFO Eric Marchetto on June 1. ‘We are also proud to be the first railcar lessor in North America to issue green bonds under Trinity’s leasing company Green Financing Framework, garnering new participation in the securitisations from firms with various ESG and sustainability mandates.’
Embedded electronic systems and software supplier CentralP has obtained SIL2 certification for its latest K-Vision range of driver-machine interface products.
US rail industry supplier A Stucki Co has announced the retirement of John Macklin as President of bearings business Magnus with effect from June 1. Jo Ann Cary will retire as President of Birmingham Rail & Locomotive from September 2021, staying with the company to the end of the year in corporate training and development.
Indian Railways’ Research Design & Standards Organisation is the first institution to be declared a Standard Developing Organisation under the Bureau of Indian Standards’ ‘One Nation One Standard’ programme to integrate sector-specific expertise.