Titagarh Wagons AFR S.A. (TWAFR), the French subsidiary of Titagarh Wagons Ltd (TWL), has bagged an order from French Railways for 400 hopper cereal wagons worth Euro 39 million (around Rs 275 crore).
Umesh Chowdhary, Vice-Chairman & Managing Director, TWL, said “after the restart of operations in July 2010 under TWL’s aegis, TWAFR has got orders worth Euro 150 million (Rs 1,050 crore)”.
The hopper wagons order, signed last week, is the fourth such deal since its development in early 2011 and marks the acceptability of TWAFR’s design skill.
“From the beginning, we have concentrated on creating a niche for ourselves in the European market by offering superior design, high quality products and timely delivery. What was essential for AFR was to regain creditability in the market,” Chowdhary added.
TWAFR owns a number of patents for both wagons and bogies. The company has developed a range of multi-application wagons that include poly-articulated wagons. TWAFR has also designed road-to-rail wagons — on which trucks can be loaded. The TWAFR unit is located on an area of 42 acres at Douai in northern France with a yearly capacity of 2,000 wagons.
jayanta.mallick@thehindu.co.in
Keywords: Titagarh Wagons AFR S.A., TWAFR, French subsidiary of Titagarh Wagons Ltd, TWL, French Railways order for TWAFR,
Comments:
This is good news for the manufacturing sector.
Companies who have such export orders can be more competitive and profitable if they can import quality used equipment from Europe to execute these orders.
Considering the economic slowdown on the continent, there are many opportunites for dynamic Indian companies.
I hope that Indian manufacturing companies seek out for the quality facilities available for sale in Europe and re-locate them here.
Thanks
Manoj Kumar
Director
Apex Auctions
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