China: According to the producer’s annual report, revenues from the segment fell by almost 30% in 2022 compared to CNY 41 bln ($6.4 bln) in 2021.
11 April 2023
China: According to the producer’s annual report, revenues from the segment fell by almost 30% in 2022 compared to CNY 41 bln ($6.4 bln) in 2021.
Russia: The court resolves the German manufacturer's allegation that it cannot satisfy the contract with RZD contradicts its terms and conditions and the European Commission's clarifications.
EU: In January 2023, new public procurement rules came into force in the European Union. The first company to be affected by these rules is CRRC.
Germany: An investigation of SWR, a German public broadcasting corporation, led to allegations that the company had broken the law. Siemens denies the accusation.
Austria: The Czech manufacturer established a subsidiary company in the country, which incorporated headquarters in Vienna and an office in Schwaz purchased from Molinari Rail.
Russia: A freight car owner won an auction with a bid of more than RUB 2.8 bln ($38 mln) and purchased the property formerly owned by Bombardier Transportation: 86,000 m2 production facilities with equipment.
Czechia: For the first time annual revenues of the manufacturer of braking systems exceeded CZK 2 bln with the Indian market where DAKO-CZ set up two joint ventures with local manufacturers in 2022 accounting for 75% of sales.
Michel Boccaccio, the producer's vice president in the region, indicated in an interview with BNamericas that he sees the markets of Brazil, Mexico and Chile as the most promising, and noted the region's major challenges.
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.