Siemens wins €108 million order from Australia

Siemens wins €108 million order from Australia

The FINANCIAL -- Siemens’ Transportation Systems Group (TS) has received an order for 25 heavy haul electric locomotives from Queensland Rail in Australia. With the order, which is worth €108 million, Queensland Rail intends to expand its locomotive fleet in the Goonyella Coal Systems.

 

The new locomotives will be built at Siemens’ plant in Allach, Germany, a suburb of Munich. Delivery will begin in 2009. This is not the first time that Queensland Rail has turned to Siemens for advanced rail technology: The company is already operating locomotives upgraded by Siemens and, in 2008, will begin operating 20 Siemens locomotives ordered in 2006.

 

The Transportation Systems Group (TS) of Siemens AG is one of the leading international suppliers to the railway industry. As single-source supplier and system integrator, the Group combines in its business segments Automation & Power, Rolling Stock, Turnkey Systems and Integrated Services all the expertise necessary to cover the spectrum from signaling and control systems to traction power supplies, as well as rolling stock for mass transit, regional and main line services. Extensive experience in project management and forward-looking service concepts complement our portfolio. In fiscal 2006 (ended September 30), TS generated sales of around €4.5 billion according to U.S. GAAP with around 18,800 employees worldwide.

 

 


 

Author: The FINANCIAL