MONTREAL — Bombardier Transportation announced that Gunderson-Concarril, a joint venture formed in 1998 by Bombardier and The Greenbrier Companies, has received an order valued at $53.7 million Cdn ($35 million US) to build 500 freight cars for TTX Company. Bombardier’s share of the order represents $26.8 million Cdn ($17.5 million US).
Commenting on the order, William Spurr, President of Bombardier Transportation, North America, said: “Partnering with Greenbrier underscores Bombardier’s strength as a leading manufacturer of freight cars and reinforces our presence in Mexico.”
Bombardier and The Greenbrier Companies each have a 50% ownership interest in Gunderson-Concarril. The joint venture serves the North American marketplace with a focus on conventional freight cars. Under the terms of the joint venture, Bombardier provides manufacturing know-how and facilities, whereas Greenbrier provides marketing and engineering expertise. The Gunderson-Concarril plant is located in Bombardier Transportation’s manufacturing complex in Sahagun, Mexico.
In North America, Bombardier Transportation is the leader in high-speed rail, commuter rail, automated rapid transit and automated guideway transit systems. It also maintains two of the largest multi-level commuter fleets in Canada and the United States.
The Greenbrier Companies, Inc. is a leading supplier of railroad freight cars in the U.S., Canada and Mexico, and refurbishes freight cars across North America.
Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and total transit systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control solutions.
Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).