Siemens Mobility Increases Investment in U.K. Rail Assembly Plant
By Pierre Bertrand
Siemens Mobility, the transport and rail division of German industrial company Siemens, said it will increase its investment in its East Yorkshire Goole Rail Village in the U.K.
Siemens Mobility said that it will invest up to 47 million euros ($51.9 million) in a site that will assemble and overhaul railroad truck chassis.
The facility is expected to be operational by the end of 2026 and will enable the company to expand its capabilities, including new production lines for assembling chassis for new trains.
The investment adds to the up to 230 million euros invested in the now open train manufacturing facility at the village. The village will assemble 80% of London's new Piccadilly metro line trains, which are slated to enter service from 2025.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 03, 2024 01:45 ET (05:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
This Cheap Stock Is Still a Buy Even After 50% Rally
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
United States