Italy: The recently established joint venture Innoway Trieste signed up an agreement to reindustrialise Wärtsilä’s former marine diesel engine plant.
The Finnish company sold its plant for a token €1, under this agreement. The JV of the world’s largest container operator and the Austrian logistics company is to invest in it about €100 mln in the coming months and absorb 261 redundant workers from Wärtsilä. Currently, Innoway Trieste is receiving manufacturing campuses, which will be reconstructed and have new equipment.
Innoway Trieste says that the first freight car models are to secure approval expectedly in 2025, with the serial production to follow. By 2027, the JV is eyeing full capacity and production of 1,000 freight cars and 3,000 bogies per year.
Innofreight has been manufacturing its own freight cars since 2014. The backlog of the company includes 60, 80 and 90 ft container flatcars.
