Kazakhstan: Together with the production site, the manufacturer will receive an order for 500 units of rolling stock. The financial aspects of the deal are now being discussed, although the tender has been going on since 2020.
9 June 2022
Kazakhstan: Together with the production site, the manufacturer will receive an order for 500 units of rolling stock. The financial aspects of the deal are now being discussed, although the tender has been going on since 2020.
Ukraine: The Kyiv City Prosecutor's Office announced the opening of criminal proceedings against officials of one of the largest freight and passenger rolling stock manufacturers in the country.
Russia: Against the background of the situation in Ukraine and sanctions, the company has begun the procedure for terminating its business in Russia. At the same time, Siemens doubts about leaving China in the case of similar events.
France: The manufacturer is appealing against Bombardier's breach of certain contractual provisions of the deal. In turn, the Canadian company will challenge the reduction in the cost of selling its railway industry division.
China: The CRRC’s revenue in railway segment fell more than twice against the backdrop of a decrease in sales of multiple units.
EU: In 2021, the REUSE project by UIC to stimulate the railway equipment recycling was finalized. In turn, manufacturers are increasingly indicating the share of materials in the rolling stock that are recyclable.
China: The readiness of the world's largest rolling stock manufacturer to play by the rules of localisation is increasing. In particular, the company confirmed its willingness to establish production in Portugal.
Mexico: The railcar producer has completed a shift of production from the US to Mexico, that resulted in significant cost savings as production level rises. Now Freight Car America continues to scale up new production.
Belarus: The manufacturer notes that this is a forced measure, as the site will face a shortage of electronic and electrical products due to EU sanctions against Belarus amid the situation in Ukraine.