Home / EMEA / CFR Marfa locomotives maintenance and repair division enters insolvency

CFR Marfa locomotives maintenance and repair division enters insolvency

CFR Marfa locomotives & equipment maintenance and repair division, S.C. Întretinere si Reparatii Locomotive si Utilaje “CFR – IRLU” S.A. has entered insolvency procedures, after Bucharest Court of Law accepted the company’s request for insolvency.

The company provides locomotives modernisation, maintenance and repair services for CFR Marfa, Grup Feroviar Roman (GFR), Unifertrans, Cargotrans Vagon, Train Hungary Kft. 

In 2013, the company posted a turnover of EUR 19.5 million, a 22% decrease compared to the previous year, and a loss of EUR 7.3 million, up from EUR 2.6 million in 2012. The company has 1710 employees. 

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