Bombardier Will Build 500 Freight Cars in Mexico
MONTREAL, QUEBEC--JANUARY 22, 2003 - 11:41 EST
Bombardier Transportation today announced that
Gunderson-Concarril, a joint venture formed in 1998 by Bombardier
and The Greenbrier Companies, has received an order valued at
$53.7 million Cdn ($35 million US) to build 500 freight cars for
TTX Company. Bombardier's share of the order represents $26.8
million Cdn ($17.5 million US).
Commenting on the order, William Spurr, President of Bombardier
Transportation, North America, said: "Partnering with Greenbrier
underscores Bombardier's strength as a leading manufacturer of
freight cars and reinforces our presence in Mexico."
Bombardier and The Greenbrier Companies each have a 50% ownership
interest in Gunderson-Concarril. The joint venture serves the
North American marketplace with a focus on conventional freight
cars. Under the terms of the joint venture, Bombardier provides
manufacturing know-how and facilities, whereas Greenbrier
provides marketing and engineering expertise. The
Gunderson-Concarril plant is located in Bombardier
Transportation's manufacturing complex in Sahag£n, Mexico.
In North America, Bombardier Transportation is the leader in
high-speed rail, commuter rail, automated rapid transit and
automated guideway transit systems. It also maintains two of the
largest multi-level commuter fleets in Canada and the United
States.
The Greenbrier Companies, Inc. is a leading supplier of railroad
freight cars in the U.S., Canada and Mexico, and refurbishes
freight cars across North America.
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). |
