Railway supply industry news – Page 79
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NewsNSB Group rebrands as Vy
NORWAY: State-owned train operator NSB Group relaunched as Vy on April 24, bringing its rail, bus and electric car-sharing activities together under a single brand. ‘The name Norwegian State Railways no longer adequately expresses what we do’, explained Chairman Dag Mejdell. ‘The NSB Group operates rail and bus services ...
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Rail Business UKSiemens Mobility submits plans for Goole rolling stock plant
UK: Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market. This follows the signing last of November of a £1·5bn contract to supply 94 Inspiro London trainsets for London Underground’s ...
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Metro Report InternationalSiemens Mobility submits plans for Goole rolling stock plant
UK: Siemens Mobility has submitted an outline planning application for a £200m rolling stock plant at Goole in East Yorkshire which would manufacture and commission vehicles for the UK market. This follows the signing last of November of a £1·5bn contract to supply 94 Inspiro London trainsets for London Underground’s ...
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NewsIronhorse buys Tennessee railways
USA: Short line group Ironhorse Resources has acquired the Sequatchie Valley Railroad and the Walking Horse & Eastern Railroad in Tennessee, which are to be renamed as the Sequatchie Valley Switching Co and the Walking Horse Railroad. The 18 km Sequatchie Valley Switching Co serves south central Tennessee from a ...
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NewsRailway supply industry news round-up
India’s Chittaranjan Locomotive Works produced 402 locomotives in the 2018-19 financial year, up 15% from 2017-18 and with a 7·5% reduction in unit costs. CLW said a WAG9 locomotive now costs ‘just above‘ Rs100m. The first 9 000 hp WAG-9HH locomotive was rolled out at the end of March. ...
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NewsGreenbrier to acquire American Railcar Industries in $400m deal
USA: The Greenbrier Companies Inc has agreed to acquire the manufacturing business of American Railcar Industries from ITE Management in a deal worth $400m. The transaction announced on April 18 is expected to close this year, subject to customary regulatory approvals. The gross purchase price is $430m, including $30m for ...
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NewsCroatian infrastructure manager signs MoUs with Chinese companies
CROATIA: Infrastructure manager HŽ Infrastruktura signed memoranda of understanding with two Chinese companies during the latest 16+1 conference of China and 16 central and eastern European countries which was held in Dubrovnik on April 12. The first MoU was signed with China Road & Bridge Corporation. This covers collaboration over ...
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Metro Report InternationalBattery leasing credit line set up
USA: Proterra is working with Mitsui & Co to establish a US$200m credit facility to support a battery leasing programme, the electric bus manufacturer announced on April 16. Under the programme, a customer that purchases a Proterra bus can lease the batteries over the 12-year life-cycle of the vehicle. ...
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Metro Report InternationalElectric bus planning joint venture formed
BUSES: Transport software company IVU Traffic Technologies and Aachen-based consultancy Ebusplan have formed a joint venture to develop software and components for battery electric buses. Based in Aachen, EBS Ebus Solutions aims to develop rostering tools tailored to the needs of electric bus fleets. The joint venture partners expect ...
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NewsStadler Rail lists on SIX Swiss Exchange
SWITZERLAND: Trading of Stadler Rail shares on the SIX Swiss Exchange began on April 12. The offer price for the initial public offering was set at SFr38 per share, in the upper half of the announced price range of SFr33 to SFr41. This values the base offer at SFr1·33bn and ...
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NewsUN committee backs Luxembourg Protocol
AFRICA: A committee of experts from African finance, planning and economic development ministries has endorsed the adoption of the Luxembourg Rail Protocol to encourage private investment in railway assets across the continent. Meeting in Marrakech, under the auspices of the UN Economic Commission for Africa, the committee ...
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NewsRailway supply industry news round-up
Salcef Group’s concrete sleeper business Vianini Industria has been renamed Overail, and production facilities in Italy are being expanded to enable it to manufacture turnout bearers and tunnel segments. Eran Gartner has been appointed to the newly-created position of CEO of Pandrol and joined the executive committee of its parent ...
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NewsOrlando bonds approved as Brightline becomes Virgin Trains USA
USA: Virgin Trains USA was granted approval by the Florida Development Finance Corp on April 5 to raise a further $950m in Private Activity Bond sales to fund the second phase of the inter-city passenger project formerly branded as Brightline. The announcement followed an initial sale of $1·75bn in tax-exempt ...
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NewsTransmashholding sales up
RUSSIA: Rolling stock manufacturer Transmashholding has announced a 44% year-on-year increase in sales to 224·8bn roubles for 2018. Sales of single-deck coaches were up 62% to 696, while sales of double-deck coaches were up 59% to 65. The company launched a major project to update its range of coaches, and ...
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NewsDB stops accepting ICE4 trains after welding issues discovered
GERMANY: Deutsche Bahn has stopped accepting deliveries of new ICE4 trainsets, after it emerged that bodyshell welding had not been carried out as prescribed. Siemens Mobility is the general contractor for the ICE4 fleet under a framework contract awarded in May 2011, with subcontractor Bombardier Transportation responsible around 30% of ...
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NewsRailway supply industry news round-up
Alstom’s Le Creusot factory has unveiled what the manufacturer describes as the highest-capacity welding robot in the railway sector. The robot supplied by Galilé subsidiary Farman is due to be fully operational by the end of May. Thales has completed the acquisition of digital security and smart card manufacturer Gemalto. ...
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NewsTMH Africa inaugurates South African plant
SOUTH AFRICA: Russian rolling stock group Transmashholding officially inaugurated its first African factory on April 2. The former DCD Rolling Stock plant at Boksburg in Gauteng province was acquired last October by the TMH Africa joint venture of TMH International (70%) and its black economic empowerment partner Mjisa Investments (30%). ...
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Rail Business UKTalgo committed to UK expansion strategy
UK: Planning for the development of a rolling stock manufacturing plant in Scotland and a research facility in northern England is continuing ‘at full pace’, Talgo Group President Carlos de Palacio Oriol told Railway Gazette in Madrid on April 1. Pointing out that Talgo’s two Spanish plants at Las Matas ...
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NewsPT Inka breaks ground at site of rolling stock factory
INDONESIA: State-owned rolling stock manufacturer PT Inka held a groundbreaking ceremony for a new factory at Banyuwangi in East Java on March 31. The factory is to be built on an 83 ha site at cost of Rp1·6tr, with opening planned for 2020. It is being designed to have the ...
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NewsINPP to take full control of BeNEX
GERMANY: UK-listed infrastructure investment group International Public Partnerships Ltd is to acquire joint venture partner Hamburger Hochbahn AG’s 51% stake in German rail and bus operator BeNEX GmbH. The signing of the purchase agreement was announced on April 1, and financial close is expected before the end of June 2019. ...