According to results released by its parent Bombardier Inc on August 27, Bombardier Transportation recorded revenue of C$2·3bn in the second quarter to July 31, down from C$2·4bn in 2002 ’due to a lower level of activities as a result of the timing of the completion and start-up of contracts’. Earnings before tax was C$104·5m, compared with C$108·5m for the same period in 2002.
During the second quarter, Bombardier signed contracts worth C$3·4bn including E&M works for the Neihu line in Taipei and 473 passenger cars for German Railway. On July 31 the order backlog stood at C$32·1bn, compared with C$25·7bn on January 31.
For the six months to July 31 revenue at Bombardier Transportation increased to C$4·75bn, compared with C$4·71bn for the same period in the year before. Profit before tax was C$212·7m, up from C$199·1m.
COVIA A/S has been formed as a wholly-owned subsidiary of LM Glasfiber, by spinning off the film’s Industrial Division as a separate company. Based at Taulov in Denmark, Covia supplies structural lightweight composites for the rail industry, designing and manufacturing fibreglass and carbon fibre components including panels, flooring and roofs. LM’s former Industrial Division Manager Bo Vang Jensen has become Managing Director.