Wabtec to manufacture brake equipment for GATX Rail Europe

Wabtec Corporation has signed a contract to manufacture brake equipment for freight cars to be purchased by GATX Rail Europe, a leading European rail equipment lessor. Under the contract, which is expected to last several years and has a value of about US$18 million, Wabtec will provide various models of brake systems which will be manufactured by Wabtec units in Europe.
July 30, 2012 Read time: 1 min
6079 Wabtec Corporation has signed a contract to manufacture brake equipment for freight cars to be purchased by GATX Rail Europe, a leading European rail equipment lessor. Under the contract, which is expected to last several years and has a value of about US$18 million, Wabtec will provide various models of brake systems which will be manufactured by Wabtec units in Europe.  

For more information on companies in this article

Related Content

  • Printed and flexible electronics in vehicles: major opportunity by 2026
    January 27, 2016
    A new report from IDTechEx Research, Printed and Flexible Electronics in Automotive Applications 2016-2026, indicates that the market for printed and flexible electronics in vehicles is expected to grow to over US$5.5 billion dollars in the next decade, spearheaded by the projected growth of in-mould electronics and OLED technologies. Printed and flexible electronics are beginning to proliferate, with a variety of components and devices coming to market. Several end-user verticals are expected to benefit
    Read More
  • Crossrail project receives US$814 million EIB funding
    December 16, 2013
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
    Read More
  • Ertico highlights Lisbon 2023 topics
    October 20, 2022
    ITS European Congress takes place on 22-24 May 2023 in Portuguese capital
    Read More
  • EU to invest in studies on Timisoara airport development
    November 12, 2014
    The EU's TEN-T Programme is to co-fund studies for the construction of an intermodal terminal at Timisoara International Airport in Romania with the aim of promoting the integration of freight transport within the air, rail and road TEN-T network. The project includes a feasibility study and technical, economic and environmental studies that will form the basis for the terminal's design and construction. Once completed, it is expected to contribute to the intermodal growth of freight transport, thus pro
    Read More

Highlighted Content