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RAIL EMPLOYMENT & NOTICES
Rail News Home Supplier Spotlight
Rail News: Supplier Spotlight
January 2007
Rail News: Supplier Spotlight
Supplier Spotlight (January 2007)
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Acquisition action
- Wabtec Corp. acquired Becorit GmbH, which manufactures technology-based friction products for the European rail industry, for about $50 million cash.
- Japan’s Marubeni Corp. and its U.S. affiliate, Marubeni America Corp., acquired freight-car leasing and asset management firm Midwest Railcar Corp. (MRC). MRC’s existing management team will “continue to lead the company and manage the firm’s growth,” according to a prepared statement.
- Bombardier Transportation acquired Transportation and Transit Associates L.L.C.’s passenger-car overhaul business.
- Global Railway Industries Ltd. subsidiary G & B Specialties Inc. acquired ESSCO’s rail-gear product line.
Transit contracts
- ALSTOM Transport obtained a $319.2 million contract to supply 49 CORADIA LIREX regional trains to Sweden’s Skanetrafiken.
- Bombardier Transportation obtained a $605 million contract to supply 112 high-capacity trains for the French National Railways.
- TieTek won a contract to supply 7,000 composite ties to the Chicago Transit Authority.
Components
- The Timken Co. is supplying an integrated system of bearings and housings to Vossloh Locomotives for the motive power provider’s new EURO 4000.
- New facilities
- TieTek opened a new 50,000-square-foot production plant in Houston, enabling the company to increase composite crosstie production by 50 percent, according to the supplier.
- TPI Composites Inc. opened a new facility in Springfield, Ohio, that will produce a newly designed lightweight platform deck to be used on Gunderson Auto-Max freight cars.
C&S
- RailComm Inc. obtained a contract to provide 17 remote control switches for Union Pacific Railroad’s Roper Yard near Salt Lake City; and a contract from Formosa Plastics to provide a wireless yard automation system for the company’s Marshall Yard II facility in Point Comfort, Texas.
Technology upgrades
- Cubic Transportation Systems Inc. obtained an $11.6 million contract from the Washington Metropolitan Area Transit Authority to upgrade its fare-collection system.
- Telvent GIT S.A. obtained several contracts totaling $32 million from Mexico City Metro to upgrade electrical infrastructure control systems and implement technology for a contact-free ticketing system.
New product