7/30/2010
NEWS BRIEFS
Fastener Producer Amsted Rail Inks Joint Venture

Undercarriage rail components manufacturer Amsted Rail announced a joint venture with Ellcon Nationa, a subsidiary of Faiveley Transport.

“Ellcon National’s existing brake component portfolio will be integrated with Amsted Rail’s extensive undercarriage systems enabling railcar designers and their customers to access an unprecedented component engineering team”, stated Amsted president John Wories.

The venture is intended to enhance railcar performance and increase the life cycle savings of an Amsted Rail –Ellcon National equipped railcar. The deal will develop the technical strengths and global footprint of both companies and enhance the global heavy haul railway industry.

“This new joint venture is strategically important because it will enable heavy haul railcar customers to purchase complete systems with a wider range of components from a single supplier,” stated Faiveley Transport CEO Robert Joyeux.

The two companies have independently provided systems for the freight railcar market for more than 100 years. 

Amsted Rail makes fasteners and other undercarriage railcar components for heavy haul freight railcars. Web: amstedrail.com

The Faiveley Transport Group supplies railway systems and services to customers in Europe, the Americas, Asia and Australia. Web: faiveleytransport.com ©2010 GlobalFastenerNews.com