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Railway supply industry news round-up

09 Aug 2019

India’s Chittaranjan Locomotive Works produced 107 electric locomotives between April and July, with 32 completed last month. It expects to achieve a record production figure this financial year.

Trust Bank has increased its share in United Wagon Co from 5·7% to 25·5%.

Rolls-Royce Power Systems is to revise its brands to present MTU as an integral part of the group. Rolls-Royce will be the corporate and employer brand, with MTU used to identify products. As part of this, MTU Friedrichshafen will become Rolls-Royce Solutions GmbH this autumn.

Bombardier Transportation has appointed Andy DeLeone as President of its Europe (Switzerland, Italy, Nordic Countries, Iberia), Middle East, Africa & India region. He joins from General Electric, where he was CEO & Managing Director of GE Power India Ltd.

Network Rail has submitted a planning application for the construction of a sleeper facility at Bescot. Changes from previous plans include moving the site further from local properties, building a link road to reduce the impact of vehicles on adjacent homes and developing a traffic management plan. The factory would produce up to 600 000  sleepers/year, 60% of the UK infrastructure manager’s annual needs.

After two rounds of voting, Indra’s transport market director Berta Barrero was elected as President of UITP’s Industry Division for the next two years, and the division’s representative on the association’s executive board.

Through a private placement FS Group has issued a 10 year fixed-rate EMTN bond of €100m, listed on the Irish stock exchange. UniCredit Bank acted as sole bookrunner. The proceeds will be used to finance development of the Italian high speed network.