Railway supply industry news – Page 115
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NewsNacala Corridor wagon lease signed
AFRICA: Northern Mozambique railway concessionaire Corredor De Desenvolvimento Do Norte has signed a five-year agreement to lease 100 grain wagons from GPR Leasing Africa for use between Bakhresa Malawi Ltd’s grain terminal at the Port of Nacala and a milling and packing plant in Malawi. The 1 067 mm gauge ...
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NewsTrainline buys Captain Train
EUROPE: UK-based ticket retailer Trainline announced its acquisition of booking platform and mobile app developer Captain Train on March 14. Trainline said this would ‘combine two of Europe’s leading digital rail ticket retailers to create the new leader in the European market’, covering 36 operators in 22 countries. ...
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NewsMonorail factory groundbreaking
BRAZIL: Malaysian company Scomi Engineering held a groundbreaking ceremony for its monorail factory in Taubaté on March 12. The R$50m plant is being developed on a 98 000 m2 site between the cities of São Paulo and Rio de Janeiro. The factory will be modelled on Scomi’s plant in Kuala ...
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NewsRailway supply industry news in brief
Powerlines Group has established a German subsidiary, Powerlines Energy Germany GmbH, with its headquarters at Ehingen in Baden-Württemberg. In the medium term the subsidiary will be responsible for expanding the group into the Benelux countries and Denmark. Alstom’s Belfort locomotive maintenance activities have been awarded Entity in ...
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NewsDBK-Leasing completes Ijara wagon deal
KAZAKHSTAN: Development Bank of Kazakhstan’s DBK-Leasing subsidiary has completed its first rolling stock transaction meeting Islamic Ijara leasing requirements. The 1·1bn tenge deal covers the provision of 113 LPG tank wagons for use by Eastcomtrans for 10 years, with defined payments and the lessor responsible for insurance and maintenance. ...
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NewsSystra buys Swedish signalling business
SWEDEN: Systra announced its acquisition of signalling and telecoms design, planning and project management company Dalco Elteknik on March 3. Founded in 1987, Dalco Elteknik has 52 staff at nine offices throughout Sweden and has managed more than 1 200 projects for clients including Trafikverket, Stockholm County Council and ...
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NewsTalgo profit up
TALGO: Spanish rolling stock manufacturer Talgo has announced a significant year-on-year increase in turnover and profit for 2015, as the result of activities arising from a strong backlog of work. Total turnover for 2015 was €520·7m, up 35·5% on 2014, while adjusted EBITDA increased 33·8% to €120·5m ...
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NewsInvestors launch wagon leasing company
USA: Wagon leasing company Riverside Rail has been formed by affiliates of insurance investor Allstate, private investment business Duchossois Capital Management and Henry Crown & Co company CC Industries. Riverside Rail has acquired an initial fleet of 2 032 coal, metals, van, covered hopper and centre-beam wagons, and anticipates ...
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NewsGibela starts work on EMU factory
SOUTH AFRICA: The Gibela joint venture of Alstom and local partners marked the start of construction of its new EMU manufacturing plant at Dunnotar on March 4, with a ceremony attended by Alstom Chairman & CEO Henri Poupart-Lafarge, PRASA Chairman Dr Popo Molefe, Transport Minister Dipuo Peters and the Mayor ...
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NewsTülomsaş looks east for export orders
TURKEY: State-owned rolling stock supplier Tülomsaş says it is optimistic about winning more export business in Asia and North Africa as the liberalisation of national railway TCDD requires it to adopt a more commercially-driven business model. Speaking to Railway Gazette International at the Eurasiarail trade fair in Istanbul on March ...
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NewsRailway supply industry news in brief
The Rail Cluster for Southeast Europe has been established to facilitate collaboration between companies and other organisations involved in rail infrastructure projects. A total of 36 representatives from 32 organisations in six countries attended the founding meeting in Beograd on February 10. Wells Fargo & Co’s wagon finance, leasing ...
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NewsSingapore sovereign wealth fund takes stake in Railpool
RAILPOOL: Singapore's sovereign wealth fund GIC has taken a 49% stake in München-based electric locomotive leasing company Railpool, joining funds managed by Oaktree Capital Management. Railpool is ‘a high quality business with a strong track record and a proven business model’, said Stuart Baldwin, Head of Infrastructure at GIC. Founded ...
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NewsRicardo completes Lloyd’s Register Rail acquisition
RICARDO: On March 1 engineering and consulting company Ricardo plc announced that it had completed the acquisition of Lloyd’s Register Rail, following Chinese government approval for the transfer of a small joint venture owned by Lloyd’s Register Group and China Classification Society. Ricardo had announced an agreement to acquire the ...
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NewsVertex launches wagon leasing business
USA: Vertex Railcar Corp has launched Vertex Rail Leasing, a wholly-owned subsidiary offering wagons manufactured at its Wilmington plant for lease. ‘With the launch of Vertex Rail Leasing, Vertex is well positioned to address the railcar needs across the full spectrum of customers in the market - those who prefer ...
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NewsBiarri Group launches dedicated rail business
AUSTRALIA: Software and analytical tool developer Biarri Group has launched a dedicated business serving the railway industry. Biarri has supplied asset, maintenance and resource planning and operations software to companies including Kansas City Southern, Aurizon, Pacific National, ARTC and Rio Tinto, and has worked with GE Transportation and Oliver ...
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NewsProfit up as VTG opens ‘new chapter’
EUROPE: ‘VTG opened a completely new chapter in 2015’, said Chief Executive Heiko Fischer when presenting preliminary results on February 23. In 2015 the integration of AAE had been successfully completed, all VTG divisions developed their business, processes and structures were simplified and comprehensive refinancing benefited from low interest rates, ...
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NewsWabtec Corp announces record results
WABTEC: ‘We finished 2015 with a strong performance and are positioned for record results again in 2016, even as we face challenges in some of our key markets’, said President & CEO Raymond T Betler when presenting Wabtec Corp’s annual results on February 18. ‘We have responded to these challenges ...
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NewsUnited Wagon Co output up 28%
RUSSIA: Increased production capacity and larger order volumes saw United Wagon Co manufacture a total of 12 400 wagons in 2015, a 28% increase on 2014’s total. Production in Q4 2015 reached 3 900 wagons, up 43% on the same period the previous year. The group obtained certification for six ...
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NewsRailway supply industry news in brief
Swiss electrification specialist Furrer+Frey has established a German subsidiary in Berlin. Siemens Rail Automation officially opened an office in Derby in the UK with 35 staff on February 12. Establishing the new office in the same building as infrastructure manager Network Rail provides 'scope and capacity to grow quickly', said ...
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NewsRock Rail signs first rolling stock financing deal
UK: Rock Rail Ltd has entered the rolling stock market with the signing of a deal worth more than £200m to finance a fleet of Siemens electric multiple-units for use by Govia Thameslink Railway. Equity for the deal announced on February 17 is being provided by Standard Life Investments ...