Railway supply industry news – Page 117
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NewsOpen access operator Locomore reaches crowd-funding target
GERMANY: A crowd-funding campaign has successfully raised the minimum of €460 000 which Locomore needs to launch a Berlin – Kassel – Frankfurt – Stuttgart open access service in September, the company announced two days before the campaign ends on January 29. This will be used to cover start-up ...
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NewsUS-Chinese joint venture delivers first wagons
USA: The Vertex Railcar Corp joint venture of US and Chinese companies has delivered the first batch of wagons to be assembled at its plant in Wilmington, North Carolina. This follows Association of American Railroads certification which was announced in late December. The first 30 of 60 sand hoppers ...
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NewsWorkshop upgrade targets international rolling stock market
LATVIA: International passenger train operator L-Ekspresis has completed an EU-supported €14m three-year modernisation of its coach and wagon maintenance workshop, increasing capacity by a factor of 2½ to 3 000 vehicles/year in an effort to expand in international markets. Board member Rolands Gorodeckis said the workshop modernisation would enable it ...
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NewsTRB and Seisenbacher announce train interiors partnership
EUROPE: Train interior product suppliers TRB Lightweight Structures of the UK and Seisenbacher of Austria have announced that they are to co-locate staff and machinery to offer their design and manufacturing services closer to their customers. The companies supply products including floors, partitions, ceilings, storage units, galleys and doors. ‘Working ...
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NewsUnited Wagon Co delivers first high-capacity tank wagons
RUSSIA: United Wagon Co recently delivered the first wagons manufactured by TikhvinChemMash. The subsidiary was established at UWC's Tikhvin factory to produce tank cars to modern designs developed by its Centre for Transportation Technologies. The chemical tanks were delivered to Ural Mining & Metallurgical Co’s Sredneuralsky Copper Smelter and Yekaterinburg ...
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NewsRailway supply industry news in brief
Frauscher Sensor Technology has officially opened an expanded axle-counter and wheel detection sensor production facility at St Marienkirchen in Austria. This is expected to increase capacity from 17 000 to 30 000 sensors a year. Škoda Transporation has bought a 100% stake in Czech company Poll. Established in 1996, Poll ...
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NewsLeasing company VTG completes refinancing
EUROPE: Wagon leasing and logistics company VTG announced on January 12 that it had refinanced a large proportion of its existing bank loans, concluding new financial agreements for €1·2bn or about two-thirds of its total financial liabilities with an international consortium of 12 banks led by KfW IPEX-Bank and UniCredit. ...
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NewsSiemens signs Iranian railway memorandum of understanding
IRAN: Islamic Republic of Iran Railways and Siemens signed a memorandum of understanding for potential co-operation in the rail sector in Tehran on January 6. A Siemens spokesman told Railway Gazette the company intends ‘to engage in talks on improving infrastructure in the rail sector as agreed by both parties’, ...
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NewsBrunswick Rail reviews business amid downturn
RUSSIA: Brunswick Rail Ltd has appointed Houlihan Lokey (Europe) Ltd as financial advisor to support a strategic review of its capital structure in response to what it the leasing company sees as ‘fundamental and permanent changes’ to the Russian market brought about by falling traffic volumes, declining lease rates and ...
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NewsRailway supply industry news in brief
Wabtec Corp has acquired Australian company Relay Monitoring Systems, which supplies electrical protection and control products for the rail and energy sectors and has annual sales of about US$15m. Power converters and circuit breakers supplier Eaton has appointed AE Petsche as its rolling stock sector distributor in the ...
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NewsUnipart Rail buys Park Signalling
UK: Unipart Rail announced on January 4 that it had acquired 100% of the share capital of Park Signalling Ltd, a Stockport-based company established in 2000 which offers signalling, telecoms, control and monitoring equipment for the UK and international rail markets. Park Signalling Ltd will continue to trade as ...
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NewsStadler completes purchase of Vossloh Rail Vehicles
EUROPE: Stadler Rail completed the acquisition of Vossloh’s Valencia-based Rail Vehicles locomotive and light rail vehicle manufacturing business with effect December 31. This followed the completion of the regulatory approvals process for the agreement, which had been signed on November 4. The Rail Vehicles business generated sales of €223·2m in ...
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NewsEuroMaint agrees to sell German operations
GERMANY: Rolling stock maintenance company EuroMaint Rail has signed an agreement to sell its German subsidiary to Iberia Industry Capital Group, an Luxembourg-based industrial holding firm which acquires marginal and loss-making businesses with a view to improving their performance. Completion of the deal is expected in Q1 2016. Announcing the ...
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NewsPolish passenger information consolidated
POLAND: In an effort to integrate, standardise and simplify the provision of passenger information across the country, with effect from the December timetable change more than 300 staff from seven companies have been transferred to PKP Utrzymanie, a dedicated company which is independent from the train operators and infrastructure manager. ...
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NewsTouax acquires 2 000 GE wagons
EUROPE: Leasing company Touax announced on December 21 that its Touax Rail subsidiary had acquired approximately 2 000 wagons from GE Rail Services GmbH, GE Capital Rail Services Ltd and GE Capital Rail Ltd. Touax said the vehicles it had acquired were ‘complementary’ to those it already manages; they ...
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NewsRussian Railways to sell Transmashholding stake
RUSSIA: On December 16 the Russian Railways board approved plans to sell RZD’s 25% + 1 stake in The Breakers Investments BV, the Dutch-registered company which owns 100% of rolling stock manufacturing group Transmashholding. RZD’s stake would be sold for around 12·6bn roubles to existing shareholders Iskander Makhmudov, Andrei ...
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NewsShift2Rail issues first open call for research proposals
EUROPE: The Shift2Rail Joint Undertaking issued its first open call on December 17, inviting proposals for a range of research projects expected to have a total value of €170m. Proposals have been invited for nine packages in three of the five Shift2Rail Innovation Programmes (below). An information day is to ...
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NewsStadler selects Utah for rolling stock assembly plant
USA: Stadler Rail’s US subsidiary has selected North Salt Lake, Utah as the location of a temporary rolling stock assembly plant, the state Governor’s Office of Economic Development announced on December 10. It is also being considered for the site of a permanent factory which Stadler is to develop under ...
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NewsVossloh Locomotives forms French joint venture
VOSSLOH: Vossloh Locomotives France signed a contract with Socofer France on December 8 to establish a joint venture to be known as IMATEQ. The locomotive services business will be based in Saint-Pierre-des Corps. According to Vossloh, IMATEQ would ‘pool the existing capacities and expertise of each company and thus ...
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NewsKeolis takes share in Masabi
MASABI: International transport operator Keolis has taken a share in mobile ticketing provider Masabi as part of an investment made with MasterCard, Lepe Partners and existing shareholder MMC Ventures. The combined investment from the four companies amounts to US$12m. Earlier this year Masabi formed partnerships with both Keolis and ...