Railway supply industry news – Page 114
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NewsMorgan Stanley Infrastructure to buy leasing company stake
GERMANY: Morgan Stanley Infrastructure is to become the largest shareholder in VTG, the Hamburg-based wagon leasing and logistics company announced on October 13. Subject to regulatory approval, Morgan Stanley Infrastructure would pay €29/share to acquire the entire 29% stake in the company which is currently held by Andreas Goer, the ...
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Metro Report InternationalBYD enters urban rail market
CHINA: Bus, car and battery manufacturer BYD unveiled its first monorail at a 4·4 km test track at its headquarters in Shenzhen on October 13. SkyRail is the result of a five-year 5bn yuan R&D project and is aimed at small and medium sized cities, as well as tourist ...
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NewsRailway supply industry news round-up
Abellio has agreed eight-year framework contracts with Alstom, Bombardier, Siemens and Stadler for the future supply of up to 150 single-deck regional EMUs. Firm orders would be placed subject to Abellio winning tenders for operating contracts. As part of an import substitution programme, United Wagon Co says it has become ...
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NewsGreenbrier and Astra to form European wagon joint venture
EUROPE: The Greenbrier Companies and Astra Rail have announced plans to merge their European activities to form a company which would offer wagon manufacturing and repair services for customers in Europe, Eurasia and the Middle East. Subject to EU regulatory approval of the deal, Greenbrier would have a 75% stake ...
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NewsEvolution Rail to supply Melbourne high capacity EMUs
AUSTRALIA: The Evolution Rail consortium of Downer, CRRC Changchun Railway Vehicles and Plenary Group announced on September 12 that it had been selected as preferred bidder to supply 65 High Capacity Metro Trains for use on the Melbourne suburban network. Downer Group is acting as delivery and maintenance lead ...
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NewsAlpha Trains buys multiple-unit fleets
GERMANY: Leasing company Alpha Trains Luxembourg has acquired 89 regional multiple-units from Société Générale subsidiaries Société Anonyme de Crédit à l’Industrie Française and SNC Vindelica. The transaction covers three fleets of multiple-units which are operated by Transdev subsidiaries: 18 three-car and 17 five-car Alstom Coradia Continental EMUs used by NordWestBahn ...
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NewsToshiba to open Hyderabad electrical systems plant
INDIA: On April 7 Toshiba Corp announced plans to build a rolling stock power conversion and train control system production facility in Hyderabad, which would supply domestic and export markets including the Middle East and Africa. Toshiba Transmission & Distribution Systems (India) is being established as a dedicated railway systems ...
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NewsRailway supply industry news in brief
The first rails produced by Kazakhstan’s Aktobe Rail & Section Works using a rolling mill supplied by Siemens Metals Technologies were ceremonially laid by the President of national railway KTZ Askar Mamin and Almaty regional Governor Amandyk Batalov on April 7. They are to be used for double-tracking a 110 ...
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NewsCTLE rebrands as Alstom Ubunye
SOUTH AFRICA: Alstom announced Alstom Ubunye (‘unity’ in Zulu) as the new name for Commuter Transport & Locomotive Engineering on April 6, when it confirmed that following regulatory approval it had completed the acquisition of a 51% stake in the rolling stock refurbishment business which had been announced on November ...
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NewsMerger forms DB Engineering & Consulting
GERMANY: Deutsche Bahn has reorganised its infrastructure engineering business with the merger of DB ProjektBau and DB International to form DB Engineering & Consulting with effect from April 1. DB E&C has 4 000 employees from 66 countries, with German offices in DB's seven regions and international offices in 28 ...
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NewsEltel buys Finnish signalling business Celer
FINLAND: Swedish company Eltel has expanded its railway business with the acquisition of Finnish signalling services company Celer Oy with effect from April 1. Celer has 29 employees offering specialised signalling and safety services, with an annual turnover of €6m. Its activities include installation, corrective and preventive maintenance, project ...
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NewsAV Rail Contracting bought by Allied Track Services
CANADA: Road-rail crane, telecoms and signalling specialist AV Rail Contracting has been bought by Allied Track Services. Ontario based ATS provides track maintenance services, including track and turnout installation, emergency repairs, rail welding, surfacing and bridge repairs. The acquisition of AV Rail which is based in Vernon, British ...
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NewsHyundai Rotem opens Brazilian train factory
BRAZIL: A ceremony marking the completion of Hyundai Rotem’s rolling stock assembly plant at Araraquara in São Paulo state was held on March 30, almost exactly one year after the laying of the foundation stone. The 150 000 m2 site is Hyundai Rotem’s third factory outside Korea, augmenting plants ...
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NewsRailway supply industry news in brief
NS subsidiary NedTrain is to build a €30m wheelset maintenance and refurbishment hall at its Haarlem site. The current hall with life-expired machinery will become a wheelset storage site. The new facility will employ about 100 people, have the capacity to handle 3 000 bogies/year and be responsible for inspection ...
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NewsAlstom sets out strategy for 2020
ALSTOM: Chairman & CEO Henri Poupart-Lafarge and CFO Marie-José Donsion presented Alstom’s strategic, operational and financial priorities for 2020 at a meeting with investors and financial analysts at its signalling site at Villeurbanne in France on March 30. Following the divestment of its energy activities to GE, Alstom is now ...
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NewsSiemens shows first complete Charger locomotive
USA: Siemens displayed its first completed Charger diesel-electric locomotive when Federal Railroad Administrator Sarah E Feinberg visited its Sacramento manufacturing plant on March 26. The states of Illinois, California, Michigan, Missouri, Washington and Maryland have ordered a total of 66 Charger locomotives which will be powered by Cummins QSK95 diesel ...
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NewsUnited Wagon Co takes 100% ownership of Titran Express
RUSSIA: United Wagon Co has acquired 100% ownership of the Titran Express plant, which has the capacity to repair and modernise more than 3 500 wagons per year at its plant in the northwestern city of Tikhvin, where UWC’s own wagon manufacturing business is based. The Titran Express plant will ...
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NewsAurizon and Progress Rail announce maintenance agreement
AUSTRALIA: Aurizon has signed a non-binding memorandum of understanding with Progress Rail Services for a long-term maintenance and spare parts supply deal, as part of a programme intended to achieve savings of A$380m in 2015-18. Progress Rail was chosen following a competitive tender. A final agreement is expected to ...
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NewsRailway supply industry news in brief
Houghton International is to expand into a new operations facility and invest in machinery to handle the workload arising from a two-year contract to overhaul and repair 108 traction alternators for Great Western Railway’s IC125 fleet. Having seen ‘a steady growth in business’, the Houghton plans increase turnover to £20m ...
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NewsNew shareholders take VTG stakes
VTG: Leasing and logistics company VTG AG announced on March 15 that part of the 35% stake held by funds managed by Wilbur Ross would be sold to new shareholders. Purchase agreements were expected to close shortly, with the Joachim Herz foundation becoming the third largest shareholder with 10% of ...