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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Gilbert Drapeau who wrote (1066)1/9/2003 10:40:44 AM
From: Gilbert Drapeau  Read Replies (2) of 1177
 
Bombardier Receives Orders From the Swiss Railways
Valued at $159 Million: New Vehicles Strengthen
Intercity Fleet in Switzerland

MONTREAL, QUEBEC--JANUARY 9, 2003 - 07:01 EST
A consortium comprised of Bombardier
Transportation and Alstom has received orders from the Swiss
Federal Railways (SBB) to manufacture additional 30 IC-Bt
steering cars and 21 IC-2000 second-class cars. Furthermore, SBB
has ordered the refurbishment of 16 IC-2000 dining cars. The
total value of the orders is approximately $190 million Cdn (170
million Swiss Francs). Bombardier's share as consortium leader is
approximately $159 million Cdn (142 million Swiss Francs). The
steering cars are scheduled to be delivered from April 2004 until
February 2005, the IC-2000 double-deck cars from December 2003
until June 2004. The first refurbished dining cars should resume
operation already in June 2003.

"With the new IC-trains, Bombardier furthers expand SBB's
long-distance fleet. This new quality will once again heighten
the appeal of rail transportation in this traditional railway
country," said Rik Dobbelaere, President, Intercity Trains,
Bombardier Transportation.

The IC 2000 double-deck cars will ease the permanently growing
IC-traffic in Switzerland, just like the steering cars which
allow for the operation of additional commuter trains. In the
course of the dining car refurbishment, the upper deck shall
become a comfortable restaurant again, while the lower deck is
envisaged for quick snacks.

Production of these new double-deck cars and steering cars will
take place at Bombardier's facility in Pratteln, Switzerland,
where the same type of vehicles have been manufactured since
1996. Bombardier's site in Dunakesi (Hungary) will participate in
the modernization of the dining cars. Alstom will supply the
bogies from its plant in Neuhausen, Switzerland.

Bombardier Transportation is the global leader in the rail
equipment manufacturing and servicing industry. Its wide range of
products includes passenger rail cars and total transit systems.
It also manufactures locomotives, freight cars, propulsion &
controls and provides rail control solutions.

Bombardier Inc., a diversified manufacturing and services
company, is a world-leading manufacturer of business jets,
regional aircraft, rail transportation equipment and motorized
recreational products. It also provides financial services and
asset management in business areas aligned with its core
expertise. Headquartered in Montreal, Canada, the Corporation has
a workforce of some 80,000 people in 24 countries throughout the
Americas, Europe and Asia-Pacific. Its revenues for the fiscal
year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier
trades on the Toronto, Brussels and Frankfurt stock exchanges
(BBD, BOM and BBDd.F).
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