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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Bombardier, Inc.    BBD.B   CA0977512007

BOMBARDIER, INC. (BBD.B)
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Bombardier B : Bombardier Wins Order for TRAXX Locomotives for Cross-border Traffic in Scandinavia

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05/11/2012 | 02:13pm CET
Bombardier Wins Order for TRAXX Locomotives for Cross-border Traffic in Scandinavia

May 11, 2012 - Berlin
Transportation

Bombardier Transportation announced today that it has won an order from Bure for seven BOMBARDIERTRAXX F140 AC locomotives. The locomotives are designed for freight transport in Sweden and Norway, with delivery expected in the fourth quarter of 2012. The contract is valued at approximately 24 million euro ($31 million US).

Bombardier's TRAXX F140 AC locomotives represent the state-of-the-art in electric rail freight transportation in the Nordic region. They are part of a family of locomotives comprising single- and multi-system electric and diesel vehicles. A common feature of all TRAXX locomotives is their modular construction.

Bure has purchased these locomotives to lease them to train operator RushRail AB. In April, RushRail won a multi-year transportation contract for Trätåg AB. Trätåg is a logistics company, owned by Stora Enso and Korsnäs. Its purpose is to handle rail transportation of forest products, timber, pulpwood and biofuel. RushRail will, in an efficient and environmentally friendly manner, transport timber and other forest products by rail from Stora Enso and Korsnäs's timber terminals to their production sites around central Sweden. The contract is one of the largest of its kind in Sweden.

Peter Ammann, Vice President Sales & Marketing of Bombardier Transportation's Locomotives Unit, said: "We are proud that Bure as a new customer and RushRail as the operator have chosen our TRAXX locomotives to serve this significant rail transport undertaking."

"Rush Rail's selection of the TRAXX locomotive for their operation enhances Bombardier Transportation's position as the prime supplier of locomotives for the highly competitive and entirely deregulated Swedish commercial market of freight operation, where reliability and efficiency are paramount," said Klas Wåhlberg, Chief Country Representative, Bombardier Transportation Sweden.

"At Bure, we are pleased to be able to offer highly competitive freight transportation services with TRAXX locomotives together with RushRail. We look forward to working together with RushRail and Bombardier on this long-term investment," said Henrik Blomquist, Vice President of Bure.

"We at RushRail are excited to have gained the trust of Trätåg and Bure and we believe that this - together with the TRAXX locomotives - can be a solid basis for our future expansion," said Jan Lindqvist, CEO and co-founder of RushRail.

Production of the locomotives will take place at Bombardier's Kassel plant in Germany. The carbodies will be produced at Bombardier's Wroclaw, Poland site, bogies at its Siegen, Germany site , while the Propulsion and Controls equipment will be manufactured at its Mannheim and Hennigsdorf sites, also in Germany.

The locomotives will be powered by the renowned BOMBARDIER MITRAC traction converters offering unmatched reliability. The related control system is the sophisticated MITRAC offering safe and energy efficient traction power for sustainable mobility. MITRAC equipment has been selected for well over 3,000 locomotives all around the world.

About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIERECO4 technologies - built on the four cornerstones of energy, efficiency, economy and ecology - conserve energy, protect the environment and help to improve total train performance. Bombardier Transportation is headquartered in Berlin, Germany and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.

About Bombardier
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation. 

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Follow Bombardier Transportation on Twitter @BombardierRail.

BOMBARDIER, TRAXX, MITRAC and ECO4 are trademarks of Bombardier Inc. or its subsidiaries.

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EBIT 2017 553 M
Net income 2017 -440 M
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P/E ratio 2017 -
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