Railway supply industry news – Page 123
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NewsIPO values Talgo at €1·27bn
TALGO: Shares in Spanish rolling stock manufacturer Talgo SA began trading on the Madrid stock exchange on May 7, when CEO Carlos de Palacio rang the opening bell at 14.00. Talgo says that it has raised €570m though the initial public offering, placing 61 million shares which correspond to 45% ...
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NewsAlstom announces record orders as GE deal nears approval
ALSTOM: ‘Alstom delivered a very strong commercial performance in its Transport activity during the fiscal year, booking a record level of orders’, said Chairman & CEO Patrick Kron on May 6 when he presented results for the year to March 31 2015. At €10·0bn the order intake was up by ...
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NewsSiemens opens signalling research centre
SPAIN: On April 27 King Felipe VI officially opened a signalling research and development centre at the headquarters of Siemens España, located in Tres Cantos to the north of Madrid. Employing 350 staff, the new global centre of competence for signalling and train control will channel an annual investment budget ...
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NewsCuban freight wagon joint venture agreement
CUBA: The UVZ-Logistik subsidiary of Russia’s Uralvagonzavod is to establish a transport logistics joint venture in Cuba, in partnership with Cuban metallurgy and engineering firm GESIME and national operator Unión Ferrocarriles de Cuba. Under an agreement signed at the 13th Russian-Cuban Intergovernmental Commission on Trade in Kazan, the joint ...
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NewsVossloh secures medium-term financing
VOSSLOH: On April 24 Vossloh Group announced that it had secured its medium-term financing with the successful closing of a syndicated loan of over €500m. The facility has been provided by a banking syndicate with 11 participants. The mandated lead arrangers and book runner are Bayerische Landesbank, Commerzbank, Landesbank Baden-Württemberg ...
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NewsKVSZ to develop electric locomotive
UKRAINE: Rolling stock manufacturer Kriukov Car Building Works and national railway UZ are discussing plans to produce electric locomotives from 2017. KVSZ would build a prototype at its own expense, in the hope of winning an initial order to supply UZ with up to 40 units. KVSZ says its proposed ...
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NewsRicardo to buy Lloyd’s Register Rail for £42·5m
RICARDO: Engineering and consulting company Ricardo announced an agreement to acquire consultancy and assurance business Lloyd’s Register Rail on April 17. Ricardo will pay Lloyd’s Register Group £42·5m on a cash-free and debt-free basis, funded from its £75m bank facilities; Lloyds Bank has increased its revolving credit facility with ...
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NewsTDSi signs railway security technology agreement in China
CHINA: UK-based security and access control system manufacturer TDSi has signed a five-year strategic co-operation agreement with China Rail Chen Bang Technology Ltd, which will see TDSi's technology used on rail and metro projects throughout China. TDSi produces systems including access control technology, biometric readers, CCTV and associated software. Managing ...
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NewsA new infrastructure company by 2017
VOSSLOH: Vossloh AG will be transformed into a ‘new rail infrastructure company’ by 2017, the company said when presenting its results for 2014. The year’s financial performance was impacted by restructuring and realignment. ‘We took forward-looking, far-reaching decisions in 2014’, said Chairman Hans M Schabert. ‘In 2015, we are ...
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NewsInvestors back Mitsui Rail Capital expansion
NORTH AMERICA: A doubling of Mitsui Rail Capital’s wagon leasing business is envisaged under an agreement for Japanese companies JA Mitsui Leasing and Norinchukin Bank to take a 50% stake in the Mitsui subsidiary. The companies are to acquire the stake through a newly-established special purpose company, JAML ...
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NewsRolling stock maintenance joint venture formed
SINGAPORE: A joint venture agreement for the provision of rolling stock maintenance, repair and overhaul services in Southeast Asia was signed by Faiveley Transport and the Singapore Rail Engineering subsidiary of transport operator SMRT on April 9. Faiveley Rail Engineering Singapore’s activities will include support for braking, door, platform screen ...
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NewsGE Transportation completes testing of Tier 4 engine
USA: GE Transportation announced on April 9 that it had completed production tests of an Evolution Series Tier 4 engine. This was the first engine to be put through a new test cell at the company’s engine plant in Grove City, Pennsylvania, and it will now be sent to an ...
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NewsRailway supply industry news in brief
Kraków-based ZUE has agreed to purchase up to 70% of ThyssenKrupp’s Polish track business Railway GfT Polska. Hungarian rolling stock manufacturing and maintenance company Dunakeszi Járműjavító and Stadler Rail have signed a memorandum of understanding for the joint production of vehicles for the Hungarian market.Lifting equipment supplier Mechan has appointed ...
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NewsWorks begins on Brazilian rolling stock plant
BRAZIL: Hyundai Rotem President & CEO Seung-Tack Kim was joined by São Paulo state Governor Geraldo Alckmin and President of Hyundai Rotem Brasil André Han on April 2 at a ceremony to lay the foundation stone for a rolling stock factory at Araraquara. Investment agency Investe São Paulo is ...
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NewsSNCB Logistics privatised
BELGIUM: Pan-European private equity house Argos Soditic has taken a 66% stake in SNCB Logistics, the freight division of the national railway, as part of a financial restructuring of the operator. The agreement adds €70m to the capital of SNCB Logistics, of which €20m has been contributed by Argos Soditic ...
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NewsKapsch CarrierCom signs Algerian telecoms agreement
ALGERIA: National railway SNTF and Austrian telecoms company Kapsch CarrierCom signed an agreement on April 1 establishing the Rail-Telecom joint venture to supervise and maintain railway telecommunications networks. This will include Algeria’s GSM-R network and SDH optic fibre backbone, as well as future infrastructure projects. Rail-Telecom will also facilitate ...
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NewsAlpha Trains completes €1·25bn refinancing
ALPHA TRAINS: Rolling stock leasing company Alpha Trains closed a €1·25bn refinancing of three existing secured loan facilities on March 26. According to UBS which advised Alpha Trains, the transaction included the first investment grade continental European rolling stock bond issue and the first corporate securitisation of its nature in ...
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NewsSiemens Convergence Creators opens telecoms test lab
CROATIA: Siemens has opened a Railway Telecommunications Test & Integration Laboratory in Zagreb. The facility contains various types of main line and urban rail telecoms infrastructure, which can be adjusted to assist with developing and testing equipment or used for customer demonstrations and training. The equipment includes GSM-R and ...
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NewsUnderstanding better bogies
RUSSIA: Following the inauguration of an initial facility in Chelyabinsk in 2013, wagon manufacturer United Wagon Company and Russian Railways have established five further bespoke training centres for advanced wheelset maintenance. Located on RZD’s Oktyabrskaya, Krasnoyarskaya and Zapadno-Sibirskaya railways, the jointly-managed facilities are intended to provide maintenance staff with detailed ...
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NewsSBB awards on-track plant contracts
SWITZERLAND: Swiss Federal Railways has awarded contracts totalling SFr136m a year for the lease of 65 tampers, cranes and other track maintenance plant over periods of five to 10 years. The contracts are due to come into effect at the end of 2015, when the current agreements signed in 2006 ...