Saturday, October 30, 2010

Siemens Wins $466 Million Contract To Build 70 Green Trains

Siemens Wins $466 Million Contract To Build 70 Green Trains

Siemens has snapped up a $466 million six-year contract to build 70 electric trains for Amtrak. The deal, which is Siemens’ first major contract with the rail operator, is a significant coup for the company which is trying to aggressively expand its footprint in America.

Although Siemens has dominated in the light rail category in the US— with one out of every three light rail vehicles made by Siemens— the company is eager to lock up new deals, especially those outside of urban zones. In particular, Siemens is trying to become a major player in the high-speed rail market, which should accelerate in the coming years thanks to federal dollars.

Under the Amtrak deal, Siemens will add 200 jobs at its light rail manufacturing plant in Sacramento, California and 50 jobs at plants in Georgia, which will build motors and propulsion containers for the trains. Although the manufacturing process isn’t completely green, the Sacramento plant uses solar energy for up to 80% of its power, according to Siemens’ press release. The first trains will hit the track in 2013.

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