Vossloh gains large order in South Africa

Vossloh gains large order in South Africa : Successful continuation of internationalization strategy
Contract signed for supplying locomotives worth around €250 million
Shipments to start in Q2/2014
Holding company set up in South Africa – several Vossloh business units now present in South Africa

The Vossloh Group is progressing successfully with the internationalization of its Transportation business division and has signed a contract with the South African company Swifambo Rail Leasing (Swifambo) for the supply of 70 locomotives to be used on passenger services.

Tipping the scales for Swifambo in favor of Vossloh were the versatility, power and efficiency of these EURO-family units sourced from Vossloh España in Albuixech, Valencia. Thanks to their green attributes, their design components and innovative technology, these types of locomotives are ideal to optimize rail transport. Swifambo will supply the locomotives to the Passenger Rail Agency of South Africa (PRASA) which is revamping and expanding its fleet with Vossloh locomotives.

The complete deal is worth around €250 million. The versatile EURODual locomotives from Vossloh can run on both electrified and non-electrified lines. Since only one type of locomotive will be deployed on lines that are only partly electrified, capital outlay, maintenance and operating costs are all reduced. The first units are scheduled to be shipped out to South Africa in the second quarter of 2014, the final ones by the end of 2016.

The contract includes an option for additional locomotives, as well as for locomotive maintenance in South Africa. It also comprises training as part of skills development and know-how transfer.

Vossloh established a holding company in South Africa and is present locally with three of its five business units. Over the years ahead the country is expected to be spending billions of euros on revamping its existing railways, rejuvenating its haulage capacities and, above all, expanding its entire rail infrastructure.

Vossloh gains large order in South Africa

Source : www.vossloh.com

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