Kawasaki Heavy poised to win massive order for NYC subway cars- Nikkei Asian Review
TOKYO -- Kawasaki Heavy Industries appears likely to receive orders to build about 1,600 cars for New York City's subways, topping international rivals to snare what would rank among the company's most valuable projects ever.
From article, (Kawasaki Heavy Industries appears likely to receive orders to build about 1,600 cars for New York City's subways, topping international rivals to snare what would rank among the company's most valuable projects ever.
The Japanese heavy equipment maker's record of timeliness and quality in serving the Big Apple's rapid transit likely pushed it ahead of such competitors as global leader CRRC of China and Canada's Bombardier, despite their advantages on the cost front.
The deal, worth about 400 billion yen ($3.61 billion), initially calls for 500 of the new R211 model cars, with deliveries to begin in 2020. Options are included for roughly 1,100 more.
Proven record
Kawasaki Heavy has delivered at least 2,200 New York City subway cars previously and commands a leading 30% share in providing for the rapid transit system. The new 1,600-car batch apparently would be the manufacturer's largest single order of its kind.
Bidding initially was thought to favor CRRC and Bombardier. But New York City Transit, which governs the subways, "was concerned over issues with past contracts, such as delayed deliveries," a source familiar with the matter said. Negotiations zeroed in on Kawasaki Heavy during autumn and turned toward ironing out matters of price.
Japanese players such as Kawasaki Heavy and domestic leader Hitachi are vying for overseas orders as demand flags at home amid a drop in construction of new lines. Kawasaki Heavy targets revenue of 240 billion yen from rail operations in 2025, up 75% from fiscal 2016, while Hitachi's sales in the field are around 500 billion yen. Exporting infrastructure also is a priority of Prime Minister Shinzo Abe's government)
No comments:
Post a Comment