On July 2 Westinghouse Signals Ltd changed its name to Westinghouse Rail Systems Ltd to reflect its new and wider product range.
Patentes Talgo SA recorded a turnover of €182m in 2000, up 62·8% from the previous year. EBITDA was €17·6m, with 51% of group revenue coming from manufacturing and 38% from maintenance. Chief Executive Officer Francisco de Lorenzo said ’penetrating international markets has been one of the group’s priorities’, noting that 43% of income now comes from outside Spain.
Final offers for the privatisation of a 64·46% stake in Electroputere SA of Craiova were submitted in June by SC Compania Transport Feroviar SA, Electroputere-Elpas Craiova Employees’ Association, and a consortium of Karsdorfer Eisenbahn with General Motors.
Mors Smitt Relais of France is seeking distributors for its Hall effect monitoring and security equipment, as used by Paris Transport Authority and French National Railways.
Kiepe Eletrik reported turnover of DM160m in 2000, with the company recording a 30% share of the LRV electrical equipment market in Germany.
General Electric is considering investing in production of locomotive components in South Africa, from where it hopes to supply other African nations. GE is currently supplying spares to Spoornet, and is seeking greater involvement in locomotive modernisation.
Urban transport consultancy Jakes Associates has opened an office in Las Vegas.
TNCi UK and COM DEV Wireless UK have formed an alliance to market broadband on-train entertainment systems.
Faiveley has announced an operating profit of €17·3m for 2000-01 on turnover of €243·4m. Railway business represented 79% of turnover, with equipment for TGV Duplex trainsets featuring among important contracts.
