Railway supply industry news – Page 15
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Rail Business UKIncreasing obsolescence management expertise in the rail sector
UK: Rail Forum and the International Institute of Obsolescence Management have signed of a memorandum of understanding to bring experience from other sectors to rail. Rail Forum said the MoU signed at its Vehicle Maintenance event on November 14 would help its members’ efforts to mitigate ...
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Rail Business UKPorterbrook raises £250m in private placement
UK: Leasing company Porterbrook has closed a £250m private placement which includes existing and new investors, extending its debt maturity profile at ‘attractive’ pricing and further diversifying its investor base of US, UK and Swiss institutions. ‘Today’s successful closing supports our ability to invest in the ...
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NewsTransport Minister backs launch of Young Rail Professionals Ireland
IRELAND: Outgoing Transport Minister Eamon Ryan wished the team launching Young Rail Professionals Ireland well via video link at a celebration in Dublin on November 7. Ryan said he believed YRP Ireland would have the same influence in the country that the eponymous networking association had ...
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NewsVR sells road freight business to focus on rail
FINLAND: VR has agreed to sell its road logistics business to München-based private equity company Mutares as part of the national train operator’s strategy to focus on its core business of passenger and freight transport by rail. Completion of the deal announced on November 15 is ...
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NewsDevastating floods hit Stadler supply chain
EUROPE: Stadler says three ‘severe weather disasters’ in the last five months have had a ‘massive impact’ on its supply chain and forced the company to adjust its financial guidance. A new double-deck trainset was also lost to flooding. Spain The company’s ...
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NewsWabtec acquires relay and pantograph component businesses
EUROPE: Wabtec has acquired Fanox, a Spanish producer of medium-voltage relays which will expand its range for onboard and industrial applications, and Kompozitum, a Slovakian manufacturer of machined carbon and graphite components with metal or resin impregnation which Wabtec said would improve its pantograph portfolio. Wabtec ...
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NewsFrench regional authority creates rolling stock company
FRANCE: Faced with a shortage of rolling stock ahead of the tending of contracts to operate TER regional passenger services, the Auvergne-Rhône-Alpes région has opted to create a locally owned company. The company approved in October is to be owned by the Auvergne-Rhône-Alpes région (80%) and ...
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NewsAlstom to build new type of loco in Astana
KAZAKHSTAN: An agreement for the production of KZ6A electric freight locomotives at the EKZ factory in Astana was signed by Alstom and national railway KTZ during Kazakh President Kassym-Jomart Tokayev’s official visit to France on November 5. Alstom and KTZ also signed an amendment to a ...
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Rail Business UKSwedish group acquires Derby-based rail supplier Tidyco
UK: Derby-based rolling stock hydraulic, pneumatic and HVAC equipment supplier Tidyco has been acquired by Indutrade. The Swedish conglomerate operates more than 200 companies worldwide, focusing on technical businesses with sustainable models and fostering a decentralised approach that values local expertise and market knowledge. Indutrade said ...
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Rail Business UKRIA warns confidence is still low in rail supply chain
UK: A poll for the Railway Industry Association has found that 48% of rail business leaders surveyed believe the industry will contract in the next year. The survey was conducted by market research company Savanta in September and October, albeit before the Budget on October 30, ...
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NewsRolling stock engineering business sees opportunities in French rail market opening
FRANCE: The liberalisation of the rail market offers new opportunities for SNCF Voyageurs’ rolling stock maintenance and engineering subsidiary Masteris, according to its CEO Remi Peltier, who told Railway Gazette International that ’we want to be present for these opportunities’. SNCF established Masteris in 2009 to ...
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NewsFirmer plans for Finnish rolling stock company
FINLAND: Plans are firming up for the creation of a rolling stock owning company which is intended to facilitate competition by making it easier for companies to enter the Finnish rail operating market. VR Group is co-operating with the project to create the rolling stock company, ...
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NewsOperail privatisation agreement signed
ESTONIA: The purchase and sale agreement for the privatisation of national rail freight operator Operail was signed by the RailProject OÜ subsidiary of winning bidder Tiigi Keskus on October 31. The government took the decision to privatise the national rail freight transport and rolling stock maintenance ...
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Rail Business UKLong-term rolling stock strategy aims to end supply chain boom-and-bust
UK: A long-term rolling stock investment strategy will ‘end the boom-and-bust approach’ and ‘give the supply chain the certainty it needs to plan and invest’, according to Secretary of State for Transport Louise Haigh. Speaking at the launch of Rail Campus Derby on October 17, Haigh ...
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News‘Railway Erasmus’ scheme proposed to tackle the sector’s skills shortage
EUROPE: The final report of the Skill Training Alliance For the Future European Rail System project has been issued.
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Metro Report InternationalTokyo Metro shares jump after stock exchange listing
JAPAN: Tokyo Metro was listed on the Tokyo Stock Exchange on October 23 in Japan’s largest IPO since the listing of SoftBank’s mobile telecoms business in 2018. Prior to listing, the national government owned 53·4% of Tokyo Metro’s shares, with the remaining 46·6% held by the ...