FAIVELEY recorded net sales of €619·3m for the year to March 31 2007, in line with company's forecasts and up 8·9% on the €568·9m reported for 2005.
Adjusting the figures to reflect changes to the group structure in the past year gives an increase of 7·4%, or 7·7% at constant exchange rates. The order book was up 17% from the March 31 2006 figure of €737m, standing at €862m on the same date this year, including business acquired with the purchase of Espas Group in February (RG 4.07 p231).
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.
USA: Project promoter Brightline West held a groundbreaking ceremony on April 22 in Las Vegas to launch its project to build a high speed line from the city to southern California.
