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Hitachi Metals to introduce harness assembly lines for rolling stock cables in Czech Republic

Hitachi Metals to introduce harness assembly lines for rolling stock cables in Czech Republic

Hitachi Metals will introduce harness assembly lines for rolling stock wire and cables at its operation base in the Czech Republic in order to strengthen its system for offering solutions in the rolling stock cable business in Europe, with mass production planned to commence in October 2016. The company plans …

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Kapsch CarrierCom joins SHIFT²RAIL initiative

Kapsch CarrierCom has announced its participation in the European rail joint technology initiative SHIFT²RAIL. The EU initiative is focused on research and innovation to accelerate the development of new technologies, products and solutions for railways. Kapsch CarrierCom will contribute its expertise to SHIFT²RAIL’s Innovation Program 2 (IP2) which is focused on …

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Russia: Beteltrans-Vossloh joint venture to launch production of rail fastenings in 2016

Vossloh Fastening Systems Rus JSC, a joint venture of Russian company Beteltrans JSC (BET)  and German company Vossloh, plans to launch production of rail fastenings, including those intended for W-300 high-speed railway lines, in 2016. BET, a subsidiary of Russian Railways, has also developed special-purpose reinforced concrete sleepers for high-speed railways suitable …

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Uzbekistan Railways to increase investments in 2015

Uzbekistan Railways to increase investments in 2015

Uzbekistan Railways plans to invest up to USD 672.7 million in 2015, a 15% increase compared with the previous year. Uzbekistan Railways will get investment capital from the Fund for Reconstruction and Development of Uzbekistan (USD 150.5 million). USD 163.7 million in loans will be obtained from international financing institutions and USD 358.5 will be provided from …

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Estonian rail freight operator EVR Cargo hauled 15.8 million tons in 2014

Estonian rail freight operator EVR Cargo hauled 15.8 million tons in 2014

Estonian state-owned rail freight operator EVR Cargo hauled 15.76 million tons in 2014, remaining just 0.85 per cent or 135 thousand tons short of the 2013 freight volume. EVR Cargo’s chairman of the management board Ahto Altjõe said that last year was a stable year for the company and was …

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Croatian government approved HZ Cargo a loan from Zagrebacka Banka

hzcargo

The Croatian government has approved HZ Cargo to take a HRK 15.4 million (EUR 2 million)  loan from Zagrebacka Banka, in order to refinance a short term credit. HZ Cargo is in the process of implementing its restructuring and financial consolidation program and the loan repayment causes additional liquidity problems for the company, slowing the process, …

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Eurostar to launch new routes

Eurostar, the high speed rail service between the UK and mainland Europe, reported continuing year-on-year growth to 30 September 2014.  Compared to the same period in 2013, Q3 passenger numbers grew by 3% to 2.8 million (Q3 2013:  2.7 million) while sales revenues rose by 2% to £211 million (Q3 …

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VTG shows stable development

VTG Aktiengesellschaft continued to steadily develop its business in the firsthalf of 2014 despite global economic and political challenges. The many new build wagons in the core Railcar Division, particularly contributed to this trend. Overall, Group revenue was on a par with the previous year and reached EUR 404.7 million (previous …

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Estonian rail freight carrier’s cargo volume down by 4.4 % in first half-year

Estonian state-owned rail freight carrier EVR Cargo’s freight volume reached 1.14 million tons in June, increasing by 4.2 per cent year-on-year. The overall freight volume in the first half of the year remains 4.4 per cent short of last year’s same period, amounting to 8.1 million tons in total. EVR …

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HZ Putnicki, Djuro Djakovic and Konkar-Electrical Industry to share their profits with the Croatian state

HZ Croatia Rail

With the aim to increase budget revenues, the Croatian government adopted in June a decision according to which state owned companies should give 60% or 100% of their profit to the state budget. The share of profit to be given will be count on the state’s share in the companies. The companies …

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