SKODA Dopravní Technika has reported its best financial results since 1989. Sales during 2003 totalled KC2bn, and profits were up 25%on 2002 to KC150m.
The refurbishment of 25 five-car 81-71M trains for Praha metro Line A accounted for around 40% of the business, and a further six sets will be completed in 2004.
In February Skoda Holdings announced the purchase from Cesky TÜV Süddeutschland of a majority share in VÚKV, formerly the Research Institute for Rail Vehicles.
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.
