6+
Germany: The company has completed a €250 mln expansion project which was underway since 2023, increasing the facility's footprint from 47,000 to 100,000 m² and workforce from 1,600 to 2,000 employees.
Russia: VTB Bank and the Industrial Development Fund will provide soft loans of RUB 3.2 bln and 1.2 bln ($41 mln and 15.4 mln), respectively.
Algeria: JV CITAL and John Cockerill, Belgium, have signed the corresponding Memorandum of Understanding.
Bulgaria: Next year, the German-Swiss holding company plans to launch a new site in Bulgarian Radinovo.
Kazakhstan: The Chinese manufacturer has secured agreements with national railway operator Kazakhstan Temir Zholy to establish facilities for locomotive production and overhaul.
Ukraine: Sergii Tigipko, the company’s owner, has announced the news to local media, adding that a site of 10,000 m2 has been purchased in Kovel (the region of Volyn, Ukraine) for this purpose.
India: The company has announced plans to invest INR 18 bln, approximately $210 mln, in the plant, which will focus on producing metro cars and electric trains.
Vietnam: In late March, the country’s Prime Minister Phạm Minh Chính declared a course for the rail industry sovereignty.
Egypt: The French manufacturer has concluded a usufruct agreement for a 16.2-hectare land reserve with the General Authority for Land and Dry Ports of Egypt’s Ministry of Transport.