Wabtec Receives Additional Order To Build Locomotives For CFCL Australia, Marubeni
WILMERDING, Pa., June 5, 2013 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) said its MotivePower subsidiary has received an order to build six additional locomotives for CFCLA Rail JV Pty Ltd., a joint venture of CFCL Australia Pty. Limited and Marubeni Corporation of Tokyo, Japan. In 2012, the company ordered 10 MotivePower locomotives.
CFCL Australia is the leading locomotive and freight car lessor in Australia, and Marubeni is a Japanese company with interests in transportation and a variety of other industries.
The six additional locomotives, to be delivered in 2014, will be MotivePower's standard gauge MP33C international model, the same type as the initial 10 units. The locomotives, which are among the most fuel-efficient and environmentally friendly in the world, will include components from a number of other Wabtec divisions.
Albert J. Neupaver, Wabtec's chairman and chief executive officer, said: "This additional order demonstrates CFCLA's confidence in our locomotive product, and builds on Wabtec's strong presence in Australia. These locomotives will meet our customers' needs for more-efficient equipment, and will position Wabtec for similar opportunities globally."
Through its Wabtec Australia and FIP divisions, Wabtec offers the full complement of its products and services in the Australian market, which is one of the world's largest rail markets that use U.S.-style equipment and technology.
Wabtec Corporation (www.wabtec.com) is a global provider of technology-based products and services for rail, transit and other industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new freight, switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world. MotivePower (www.motivepower-wabtec.com) is an industry leader in the design, manufacture and re-manufacture of diesel-electric locomotives.
SOURCE Wabtec Corporation