Faiveley Transport has begun exclusive negotiations to acquire the sintered brake pad business of Carbone Lorraine. A plant at Gennevilliers near Paris employs 80 staff and reported 2006 sales of €17·1m.
Vossloh and Nanjing Iron Steel Co formally opened a rail fastening factory at Kunshan outside Shanghai in a ceremony on November 16. The German firm has an 80% stake in the venture, which has 100 staff.
SIF Oltenia sold its 16·5% stake in Romanian wheelset and bogie manufacturer SMR Bals to International Railway Systems in November. IRS paid €5·6m, valuing the company at €34m. SIF Oltenia took the decision to sell because of a need for significant investment at SMR Bals, which could best be provided by a strategic investor. More than 75% of the shares in SMR Bals are held by MR Industrial Investment.
EUROPE: The EU Agency for Railways has launched ERA Railway Factsheets, giving what it calls ‘a comprehensive overview of the rail sector across European countries with one-click access’. Covering aspects such as transport statistics, railway organisations, rolling stock, infrastructure, safety, market structure, and the legal framework, ...
UK: ‘We in the rail sector must be objective and honest about what we are good at’, Network Rail Chief Executive Andrew Haines told a conference in Birmingham on October 3, as he reflected on how the industry can plot its way through the uncertainty of the post-Covid period.
EUROPE: Senior figures from across the UK rail sector came together at the Rail Partners with Ukraine event to hear how national railway Ukrzaliznytsia is keeping trains running under wartime conditions, and to raise money to fund food parcels for Ukrainian railway workers and their families. ...