Railway supply industry news – Page 121
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NewsUltracapacitor technology partnership signed
CHINA: US-based ultracapacitor manufacturer Maxwell Technologies and CRRC’s Qingdao Sifang Rolling Stock Research Institute have signed a long-term strategic partnership agreement covering the joint development of energy storage technology for the Chinese rail market. ‘Rail transportation applications are an excellent match for ultracapacitors, and the rail market will be ...
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NewsRail.One implements new structure
GERMANY: The separation of the activities of ballastless track and concrete sleeper supplier Rail.One GmbH into two legally and organisationally separate entities took effect on August 1. Rail.One GmbH headed by Verena Moosburger is now responsible for the German market, which it says is the ‘entrepreneurial and technological homeland’ of ...
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NewsŠkoda Transportation buys majority stake in Transtech
FINLAND: On August 4 Škoda Transportation Group of the Czech Republic announced that it had completed the acquisition of a controlling stake in Finnish rolling stock manufacturer Transtech from investment company Pritech Oy. Ilka Brotherus will remain as a minority shareholder through family company Sinituote Oy, and the Transtech ...
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NewsHaCon and Bytemark announce partnership
USA: New York-based Bytemark and Germany’s HaCon have announced a strategic partnership to offer real-time journey planning and mobile ticketing systems in the North American market. HaCon brings ‘decades of experience in real-time travel planning and logistics data management to the mass transit agencies here in North America’, said Bytemark ...
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NewsTatravagónka buys stakes in Indian businesses
INDIA: Slovakian rolling stock manufacturer Tatravagónka has expanded into India with the signing of a Rs1bn agreement to take a 26% stake in Jupiter Group’s rolling stock manufacturing subsidiary Jupiter Wagons and castings business Jupiter Alloys & Steel India. Tatravagónka has initially acquired a 13% stake in the two ...
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NewsWabtec to buy Faiveley Transport for US$1·8bn
FRANCE: On July 27 Wabtec Corp announced plans to acquire Faiveley Transport in a deal which would ‘create one of the world’s largest public rail equipment companies’, with revenues of US$4·5bn and a presence in ‘all key freight rail and passenger transit geographies worldwide.’ Shareholders owning 51% of Faiveley Transport ...
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NewsBeacon Rail Leasing buys 27 MRCE locomotives
EUROPE: Beacon Rail Leasing has bought 17 EMD Class 66 and 10 Siemens Eurorunner ER20 diesel locomotives from Mitsui Rail Capital Europe. The locomotives are between eight and 12 years old, and are used by various freight operators in continental European under existing lease agreements which are to remain ...
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NewsBNSF Logistics buys wind turbine transport specialist
USA: BNSF Logistics has acquired Transportation Technology Services, a Texas-based company which provides engineering and logistics services for the transport of over-sized loads by rail with a particular focus on wind turbine components. TTS manages a fleet of almost 2 000 wagons for various customers, with 1 200 having ...
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NewsHigh speed line concessionaire TP Ferro in administration
EUROPE: TP Ferro, the company which holds the concession to build, operate and finance the high speed line between Perpignan in France and Figueres in Spain, announced on July 17 that it was applying to be placed into administration on a voluntary basis. The application was made to the commercial ...
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NewsVossloh launches construction of locomotive plant
GERMANY: Construction of Vossloh Locomotives’ new plant on a business park in the Suchsdorf area of Kiel was officially launched with a groundbreaking ceremony on July 17. Vossloh and property developer Stargime are investing €41m in the plant, which is scheduled to open in mid-2016. It will have a production ...
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NewsSaudi Railways Organization cancels Talgo order
SAUDI ARABIA: Saudi Railways Organization has announced that ‘following the reassessment of our rolling stock needs’ it has decided not to proceed with an order for six 200 km/h Talgo diesel trainsets for use on the Riyadh – Dammam line. The US$201m contract was announced on February 12 but ...
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NewsProduction of Lastochka Premium EMUs launched
RUSSIA: The Ural Locomotives joint venture of Siemens and Sinara Group formally launched production of a ‘premium’ version of the Lastochka electric multiple-unit family at its factory in Yekaterinburg on July 9. The Lastochka Premium EMUs will be based on the Lastochka (Desiro RUS) units which are currently produced ...
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NewsTitagarh Wagons buys Firema Trasporti
ITALY: Indian rolling stock manufacturer Titagarh Wagons completed the purchase of Italian company Firema Trasporti on July 9. The acquisition of the business from the administrator as a going concern was made through the Titagarh Firema Adler subsidiary registered in Milano. Titagarh Wagons said Adler Plastics SpA will hold ...
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NewsChinese manufacturer invests in US wagon venture
USA: China’s CRRC Corp has taken a minority stake in a joint venture formed by start-up Vertex Rail Technologies and private equity partners to manufacture wagons in Wilmington, North Carolina. Vertex Railcar Corp plans to produce ‘innovative’ tank cars branded Generation Next which would meet the DOT-117 safety standards ...
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NewsStadler Rail switches its focus from east to west
STADLER RAIL: Swiss rolling stock manufacturer Stadler Rail has announced plans to shift the focus of its growth plans away from the CIS and Middle East markets and towards the UK and the USA. On June 19 Stadler said the Swiss national bank’s decision to uncouple the franc from the ...
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NewsDVV Media acquires Rail Business Awards
UK: As part of the Railway Gazette Group’s continued commitment to the UK railway sector, DVV Media UK Ltd has acquired Rail Business Awards Ltd with effect from July 1. Developed and managed for the past 18 years by Woodhouse Communications, the Rail Business Awards recognise the very best of ...
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NewsStrukton Rail takes over Dutch industrial sidings
NETHERLANDS: With effect from July 1 Strukton Rail has acquired Netherlands Railways’ NS Spooraansluitingen business, which manages and maintains 130 km of track and 391 turnouts at industrial sites belonging to around 100 companies. As part of the takeover NSS has been rebranded as Strukton Rail Short Line. NS had ...
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NewsPKP Cargo and Greenbrier agree to produce wagons in Szczecin
POLAND: A letter of intent for the joint production of wagons in Szczecin was signed by freight operator PKP Cargo and rolling stock manufacturer Greenbrier Europe Wagony Świdnica on July 1. PKP Cargo is to invest 11·5m złoty to start production at the Szczecin wagon repair workshops which are ...
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NewsConstruction of Gauteng rolling stock factory to begin this year
SOUTH AFRICA: Construction of a rolling stock manufacturing plant at Dunnottar is to begin in the third quarter of this year, the Gibela joint venture of Alstom (61%) New Africa Rail (9%) and Ubumbano Rail (30%) has confirmed. The plant to the southeast of Johannesburg will produce 580 of ...
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NewsKnorr-Bremse to transfer production from München
GERMANY: On June 29 Knorr-Bremse announced plans to move 184 permanent and 118 fixed-term production and assembly jobs at its Rail Vehicle Systems division from München to sites in Berlin, Budapest, Suzhou and Nankou by mid-2017. The München site will in future focus on development, project management and sales, ...