After having reported a spike in demand for its products and services amid challenges of the economic environment, the company has received the first orders for its France-based plant acquired from Alstom.
Australia: ARA has published an estimate of the total loss to regional budgets due to the lack of harmonisation in the procurement of rolling stock between 2014 and 2023. The government is setting up the relevant bodies.
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.
