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$3.3 bln of investments in rolling stock purchase are approved to RZD for 2023
$3.3 bln of investments in rolling stock purchase are approved to RZD for 2023

Russia: The investment plan of the national railway operator was agreed by the government at the meeting on November 10 and approved by the RZD’s Board of Directors on November 24. Its total volume should amount to $18 bln.

28 November 2022
Trends of the railway market: the vision of Michael Peter, Siemens Mobility’s CEO
Trends of the railway market: the vision of Michael Peter, Siemens Mobility’s CEO

Spain: The manufacturer's CEO Michael Peter shared his vision in an interview with El Pais newspaper.

28 November 2022
The record backlog of CAF: may the Spanish producer repeat the Stadler’s way?
The record backlog of CAF: may the Spanish producer repeat the Stadler’s way?

Spain: Following the results for 9 months of 2022 published in the financial report of the company, it has reached an all-time high backlog of €11.9 bln.

21 November 2022
CRRC may face new US sanctions
CRRC may face new US sanctions

USA: The country’s Department of Defense has included CRRC in the list of companies that are suspected to carry out a defense order in China. Based on this list, the US President may introduce sanctions later.

11 October 2022
VDB warns of “disastrous” prospects for German manufacturers
VDB warns of “disastrous” prospects for German manufacturers

Germany: The VDB national railway industry association gave a tough talk, pointing out the need for urgent support measures at the European level.

3 October 2022
Titagarh Wagons received state support for the production development in Italy
Titagarh Wagons received state support for the production development in Italy

Italy: The Invitalia state investment agency and a private fund from the UAE have capitalized Titagarh Firema for the development of production aimed both at Italian and international markets.

14 September 2022
FPC has invested $2.1 bln in the purchase of new passenger coaches over the past 5 years
FPC has invested $2.1 bln in the purchase of new passenger coaches over the past 5 years

Russia: The national passenger rail services operator purchased almost 2,700 coaches in 2017-2021. The company plans to spend other $720 mln USD on the new coaches procurement in the next 3 years.

2 September 2022
TMH and components producers received preferential loans for production development
TMH and components producers received preferential loans for production development

Russia: Manufacturers are approved to receive 8 loans from the state Industrial Development Fund to develop the previously imported components and to increase production.

2 September 2022
Fabrice Ramé: “Our top priority is the successful integration of Alstom and Bombardier ERP systems”
Fabrice Ramé: “Our top priority is the successful integration of Alstom and Bombardier ERP systems”

France: In an interview with LeMagIT, the Enterprise Data Director of Alstom discussed the upcoming merger of ERP systems of both manufacturers, as well as other priority tasks for the company in the IT field.

10 August 2022
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