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.
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
INDIA: The AT Railway a subsidiary of Amber Enterprises India has signed a joint venture agreement with South Korea’s Yujin Machinery to design, manufacture, and develop critical components for various types of rolling stock used in India. The joint venture will focus on components such as ...
EUROPE: Austrian Federal Railways has put into service the first of its updated Railjet trainsets on services linking Germany, Austria and Italy. Toma Bačić rode on a preview run between München and Verona on April 5.