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Friday, January 18, 2013
Rail supplier updates from GE and Alstom (Jan. 18)
GE Transportation and Tulomsas announced an expansion of their strategic partnership to manufacture 50 GE PowerHaul locomotives over the next two years. A total of 20 units will be built for TCDD, Turkish State Railways, and another 30 for regional export markets. The locomotives will be manufactured at an Eskisehir, Turkey, plant, which will be positioned as the main exporter of PowerHaul locomotives to Europe, Middle East and North Africa, according to a GE press release. GE is investing more than $150 million in the design and development of PowerHaul locomotives and a technology transfer to Turkey. Target manufacturing will be 50 to 100 units per year, of which the export market is 30 to 70 units annually, potentially generating $1.5 billion in exports from Turkey, according to the press release.
GE Transportation parent General Electric Co. today announced fourth-quarter and year-end 2012 financial results. Fourth-quarter net earnings increased 8 percent to $4 billion, or 38 cents per share, compared with $3.7 billion, or 35 cents per share, in fourth-quarter 2011. Revenue for the quarter rose 4 percent to $39.3 billion. For the full year, revenue totaled $147.4 billion, which was flat versus 2011 and up 3 percent excluding a $3.7 billion pre-tax gain on the sale of NBC Universal in 2011. Net earnings for the year fell to $13.6 billion from $14.2 billion. Four of six infrastructure businesses posted double-digit growth in orders for equipment, including Oil & Gas, Energy Management, Aviation and Transportation.
William Hybrid Power obtained a contract from Alstom Transport to supply its energy storage technology for Alstom's Citadis trams by 2014. The two companies will work together to adapt and develop an energy storage solution that will have the potential to reduce greenhouse-gas emissions from Alstom's rolling stock, according to an Alstom press release.