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.
Spain: The manufacturer's CEO Michael Peter shared his vision in an interview with El Pais newspaper.
Spain: Following the results for 9 months of 2022 published in the financial report of the company, it has reached an all-time high backlog of €11.9 bln.
USA: The country’s Department of Defense has included CRRC in the list of companies that are suspected to carry out a defense order in China. Based on this list, the US President may introduce sanctions later.
Germany: The VDB national railway industry association gave a tough talk, pointing out the need for urgent support measures at the European level.
Italy: The Invitalia state investment agency and a private fund from the UAE have capitalized Titagarh Firema for the development of production aimed both at Italian and international markets.
Russia: The national passenger rail services operator purchased almost 2,700 coaches in 2017-2021. The company plans to spend other $720 mln USD on the new coaches procurement in the next 3 years.
Russia: Manufacturers are approved to receive 8 loans from the state Industrial Development Fund to develop the previously imported components and to increase production.
