Touax Rail enters agreement with IRS for 6,000 railcars

16 octombrie 2008, 09.32 - Industrie  

Bucuresti - 16 octombrie 2008 - BUCUREŞTI / 22:11, 22.04.2008

Luxemburg – April 21, 2008 – TOUAX Rail, a leader in intermodal railcars leasing in Europe announced today a frame agreement for the purchase and delivery of 6,000 railcars between 2009 and 2012 from International Railway Systems, (“IRS”), the leading manufacturer of freight railcars in Europe.

Under the agreement IRS will manufacture a variety of railcars including: 3,600 intermodal railcars for the transportation of shipping containers comprised of 40’, 45’, and 60’ platforms, 1,200 railcars for the transportation of iron and steel, and 1,200 hopper cars for the transportation of coal. TOUAX plans to lease the railcars to a customer base of major industrial groups and to leading public and private rail operators throughout Europe. TOUAX Rail manages a fleet of 5,424 railcars and has over 2,000 railcars on order in 2008, almost all of which are already leased. With these additional railcars from IRS, TOUAX Rail expects its rail fleet to reach 10,000 cars by 2009.

Fabrice Walewski, managing partner of TOUAX Group, said, “IRS has been a valuable and reliable supplier to TOUAX for 10 years and with this agreement we have consolidated our position as the second largest leasing company of intermodal railcars in Europe. We look forward to working with IRS to meet the needs of our customers in the years ahead.”

Juergen von Schwerin, Chief Executive Officer of IRS, said, “TOUAX Rail is one of the largest leasing companies in Europe and we are pleased to have secured this major contract. We have been seeing strong demand for railcars across our markets and both the size and backlog of our contracts confirm this as operators seek to reinvest in their fleets and build capacity. As the leading manufacture of freight railcars in Europe we are committed to maintaining out reputation for superior quality and ability to meet delivery timelines.”

IRS and TOUAX first worked together in 1998 for the ordering and refurbishment of second-hand railcars at IRS’s Romvag workshop and today’s market announcement marks the 10th Anniversary of this original partnership. The TOUAX Group has specialized in the transportation of containers by rail, which uses intermodal railcars, since 1998. Via its subsidiary Gold Container Corp, TOUAX also leases approximately 450,000 shipping containers to the leading global shipping companies.

About TOUAX

A Group that has been in business for some 150 years, TOUAX is specialized in operational leasing of four types of equipment: shipping containers internationally (48% of 2007 revenue), modular buildings in Europe and United States (24%), river barges in Europe, North and South America (8%) and freight railcars in Europe and North America (21%). TOUAX is listed in Paris on NYSE EURONEXT – Euronext Paris Compartment B (ISIN code FR000003300). For more information visit: www.touax.com

About International Railway Systems, Inc.

International Railway Systems (IRS), headquartered in Luxemburg, is Europe’s leading manufacturer and producer of freight railcars, bogies and forgings for the railcar industry. IRS possesses the largest railcar design, engineering and testing capabilities in Europe. IRS operates multiple subsidiaries from 14 locations throughout Europe including the Czech Republic, Germany, Romania, Slovakia and Switzerland. For more information, visit: www.irsgroup.eu

For TOUAX

Media Contact

Sylvie Jovillard – Sylvie Jovillard Conseil

Tel: +33 6 20 50 19 89

Email: jovillard.conseil.sylvie@wanadoo.fr

For IRS

Anca Rusu, International Railway Systems S.A.

Tel: 0040 21 361 09 60 Mobile: 0040 723 565 459

Email: anca.rusu@irsgroup.eu


Bill D

Cuvinte cheie:  touax rail  irs  comunica 

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