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Rail News: Mechanical
Today, RailPower Technologies Corp. announced it won’t meet a production target of 90 to 100 locomotives and gross margin goal of 30 percent by year’s end after re-assessing operations and delaying the delivery of 10 locomotives to 2007 per a customer request. The company now expects to produce between 50 and 65 switchers this year.
“We made significant progress in ramping up production for the second quarter, and have met our production target of 10 to 15 units for the period with 13 units completed,” said RailPower President and Chief Executive Officer José Mathieu in a prepared statement. “However, we will not produce enough units in the third and fourth quarters to meet our previous target.”
RailPower produces the hybrid Green Goat® and Green Kid® switcher locomotives at plants in Calgary, Alberta; Boise, Idaho; and Longview, Texas.
7/6/2006
Rail News: Mechanical
RailPower scales back 2006 production goal by 40 switchers
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Today, RailPower Technologies Corp. announced it won’t meet a production target of 90 to 100 locomotives and gross margin goal of 30 percent by year’s end after re-assessing operations and delaying the delivery of 10 locomotives to 2007 per a customer request. The company now expects to produce between 50 and 65 switchers this year.
“We made significant progress in ramping up production for the second quarter, and have met our production target of 10 to 15 units for the period with 13 units completed,” said RailPower President and Chief Executive Officer José Mathieu in a prepared statement. “However, we will not produce enough units in the third and fourth quarters to meet our previous target.”
RailPower produces the hybrid Green Goat® and Green Kid® switcher locomotives at plants in Calgary, Alberta; Boise, Idaho; and Longview, Texas.
