The Greenbrier Companies news – Page 2
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NewsGreenbrier to acquire American Railcar Industries in $400m deal
USA: The Greenbrier Companies Inc has agreed to acquire the manufacturing business of American Railcar Industries from ITE Management in a deal worth $400m. The transaction announced on April 18 is expected to close this year, subject to customary regulatory approvals. The gross purchase price is $430m, including $30m for ...
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NewsGreenbrier announces 'solid results'
GREENBRIER: Wagon manufacturer The Greenbrier Companies has announced net earnings of $151·8m on revenue of $2·5bn for the year to August 31 2018, with adjusted net earnings of $133·9m and adjusted EBITDA of $318·2m, or 12·6% of revenue. A total of 20 900 wagon units were delivered, and orders received ...
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NewsSaudi Railway Co and Greenbrier announce joint venture
SAUDI ARABIA: The Greenbrier Companies and Saudi Railway Co have signed an agreement to establish a joint venture to invest in the Saudi rail freight market and potentially the wider Gulf Co-operation Council region. The agreement is subject to the completion of final due diligence by the parties and ...
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NewsGBW Railcar Services joint venture ends
USA: The Greenbrier Companies and Watco have agreed to end their GBW Railcar Services joint venture, which was established in July 2014 to bring together the two companies’ workshops to form a national wagon maintenance network. The assets and employees of 12 workshops will return to Greenbrier, with 14 workshops ...
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NewsGreenbrier invests in Turkish wagon manufacturer
TURKEY: The Greenbrier Companies’ European business Greenbrier-AstraRail has agreed to acquire a 68% stake in Adana-based wagon, bogie and component manufacturing and maintenance company Rayvag Vagon Sanayi ve Ticaret. Rayvag was founded in 2007 by Asim Suzen, who will retain a 32% equity interest and continue as Managing Director. ...
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NewsWagons delivered from Poland to Saudi Arabia
SAUDI ARABIA: Abnormal load logistics specialist ALS has completed a 20-month project to deliver a total of 1 185 wagons of three types from The Greenbrier Companies’ Wagon Świdnica factory in Poland to Saudi Railway Co. The wagons are 14·35 m long, 3 200 mm wide and 4 500 mm ...
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News‘Transformational’ deal creates Europe’s largest wagon manufacturer
EUROPE: The 'transformational' deal to combine the European activities of The Greenbrier Companies and Astra Holding to create what the firms describe as Europe's largest wagon manufacturing and repair business was completed on June 1. According to Greenbrier-Astra Rail supervisory board Chairman and head of commercial operations Thomas Manns, the ...
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NewsMerger of Greenbrier Europe and Astra Rail approved
EUROPE: The Greenbrier Companies and Astra Rail Management announced on May 18 that they had obtained the regulatory approvals needed to complete a merger of their European activities to create the ‘largest end-to-end, Europe-based freight railcar business’. Plans for the merger had been announced on October 13, and the transaction ...
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NewsGreenbrier invests in Brazil as European deal nears completion
BRAZIL: The Greenbrier Companies completed investments to increase its directly owned stake in wagon manufacturer Amsted-Maxion Equipamentos E Serviços Ferroviários (Greenbrier-Maxion) from 19∙5% to 60% on April 28, and has also increased its stake in castings and components supplier Amsted-Maxion Cruzeiro from 19∙5% to 24∙5%. The investment in Amsted-Maxion Cruzeiro ...
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NewsGreenbrier and Sumitomo launch GBSummit axles business
USA: The Greenbrier Companies and Sumitomo Corp have opened a jointly-owned axle machining plant in California. GBSummit is adjacent to an established Greenbrier Rail Services wagon wheelset maintenance facility at San Bernardino. GBSummit uses advanced automation for axle machining, and offers comprehensive axle services including inspection and cleaning, finishing ...
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News$1bn wagon agreement signed
USA: A multi-year wagon supply and management agreement worth more than $1bn was announced by The Greenbrier Companies and Mitsubishi UFJ Lease & Finance Co on April 5 MUL President & CEO Tadashi Shiraishi said the leasing company had set an ‘ambitious’ target to grow its market share to become ...
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NewsGreenbrier aims to grow in South America
BRAZIL: 'We are expanding our investments in Brazil to reach customers who need high-quality transportation equipment and in pursuit of continued growth and further diversification of Greenbrier's global business into new markets', said The Greenbrier Companies Chairman & CEO William A Furman on March 2. This followed Greenbrier’s announcement that ...
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NewsGreenbrier and Astra to form European wagon joint venture
EUROPE: The Greenbrier Companies and Astra Rail have announced plans to merge their European activities to form a company which would offer wagon manufacturing and repair services for customers in Europe, Eurasia and the Middle East. Subject to EU regulatory approval of the deal, Greenbrier would have a 75% stake ...
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NewsGreenbrier invests in Brazilian component manufacturer
BRAZIL: The Greenbrier Companies announced on May 24 that it had entered into an agreement to acquire a 19·5% stake in Amsted-Maxion Cruzeiro for US$10m. Currently owned 50:50 by Amsted Rail Co and Iochpe-Maxion, Amsted-Maxion Cruzeiro produces castings and components for railway wagons as well as heavy equipment used ...
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NewsSaudi Railway Co orders 1 200 Greenbrier wagons
SAUDI ARABIA: The Greenbrier Companies announced its entry into the Middle East wagon market on October 7, with a contract to supply approximately 1 200 tank wagons of three types to Saudi Railway Co. The wagons will be used to carry molten sulphur and phosphoric acid on the North–South Railway ...
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NewsGreenbrier orders Danobat wheelset machining equipment
USA: Danobat Group has won an order to supply wagon manufacturer The Greenbrier Companies with wheel and axle profiling machines, including a portal lathe for wheel reprofiling. The contract includes supply of the ‘cutting edge’ equipment by September, along with assembly, maintenance and staff training. Danobat Sales & Marketing Director ...
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NewsGreenbrier announces ‘strategic investment’ in Brazil
BRAZIL: The Greenbrier Companies announced an agreement to acquire a 19·5% stake in wagon manufacturer Amsted-Maxion Hortolândia for US$15m on January 7. The deal is expected to close in the second quarter of 2015, and the US company also has an option to acquire an additional 40·5% stake by September ...
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NewsRecord results at Greenbrier
GREENBRIER: US wagon manufacturer The Greenbrier Companies has reported record net earnings of $99·3m and Ebitda of $253·8m for the year to August 31 2014, with revenue of $2·2bn and cash generated from operating activities totalling $136m. The company delivered 16 200 wagons, and received orders for 34 300 valued ...
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NewsGBW Railcar Services established
USA: The Greenbrier Companies and Watco announced the formal establishment of their equally-owned GBW Railcar Services wagon repair joint venture on July 21. The companies said GBW has ‘the largest independent railcar repair shop network in North America’, with a total of 38 repair, refurbishment and maintenance workshops. ‘GBW will ...
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NewsDon’t squelch oil by rail, says Greenbrier
USA: Announcing provisional orders from ‘multiple customers’ for an initial 3 500 of its Tank Car of the Future flammable products wagons on June 19, Chairman & CEO of The Greenbrier Companies William Furman warned that government regulation must not delay the implementation of new design standards or impede the ...
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