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Wagon component joint venture agreed

05 Aug 2010

USA: Amsted Rail and Faiveley Transport's US subsidiary Ellcon National have announced plans to form a joint venture in which Faiveley Transport will have a majority stake.

Launching on October 1, the venture will integrate Ellcon National's braking portfolio with Amsted Rail's range of bogie and coupler components. 'This strategic agreement gives Faiveley Transport direct access to the global freight market through Amsted Rail', said Robert Joyeux, Chairman & Managing Director of Faiveley Transport.