Interesting news item in the Railway Gazette re Stadler refocusing on the west.
http://www.railwaygazette.com/news/...ail-switches-its-focus-from-east-to-west.html
http://www.railwaygazette.com/news/...ail-switches-its-focus-from-east-to-west.html
Perhaps more noteworthy is the last paragraph that refers to consolidation of manufacturing in light of the CSR/CNR merger and no doubt due to Hitachi taking on orders that otherwise would have been won by traditional "European" firms.On June 19 Stadler said the Swiss national bank’s decision to uncouple the franc from the euro in January had brought a sudden 20% increase in the price of its products, which was ‘negatively impacting’ the company.
Meanwhile, planned expansion into the CIS market has been ‘halted’ by the weak rouble and sanctions on Russia. Stadler has also ‘fallen well behind expectations’ in the Arab market....
.....Discussing potential industry consolidation following the merger of CSR and CNR, Stadler said that ‘by all accounts, discussions are currently underway’ between Alstom, Bombardier and Siemens. Talgo and Newag have held IPOs, and Vossloh is looking to divest its rolling stock business. Stadler said was ‘currently evaluating the strategic relevance of these potential candidates for purchase.’
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