Brazil increases rail vehicle production in 2014

BrazilThe Brazilian Railway Industry Association (Abifer) says that Brazilian rail vehicles industry production increased substantially in 2014, with the industrial sector producing and delivering 4703 freight wagons, which was more than double the 2280 produced in 2013, and 374 passenger coaches, an increase of 70% from 219 in 2013. Locomotive production remained static at 80 units, writes IRJ.
Total revenues for the railway industry, including its supply chain, was Reais 5.6bn (USD 2.02bn), a 24% increase compared to Reais 4.5 billion reported in 2013. The increase in production is in line with continuing government and private investments in urban rail. For 2015, projections indicate production and delivery of 4000 wagons (75 for export), 420 passenger coaches (90 for export) and 90 locomotives (10 for export), with slight revenue growth forecast.
“The Brazilian railway industry continues to invest strongly throughout its supply chain, both in high-tech applications and training of its workforce, along with the construction, expansion and modernisation of its plants,” says Vicente Abate, Abifer president.

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