• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Locomotive deal may save jobs

Mar 02 2011 14:49 I-Net Bridge

Company Data

MURRAY & ROBERTS HOLDINGS LIMITED [JSE:MUR]

Last traded 0
Change -0,08
% Change 0
Cumulative volume 1033637
Market cap 8.70bn

Last Updated: 30-01-2015 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Transnet to get locomotive upgrade

Transnet gets new chief

Transnet board has wrong skills: Satawu

Four men race for Transnet top job

Transnet chair to take on dual role

Transnet reinstates Gama

 
Johannesburg - Union Carriage & Wagon (UCW), owned by embattled construction group Murray & Roberts Holdings [JSE:MUR], has signed a contract for an additional 32 locomotives for the Transnet Freight Rail ore line between Sishen and Saldanha, it said on Wednesday.

This order, it said, could help retain jobs.

UCW, based in Nigel, said it concluded a contract with Venus Railway Solutions, a black economic empowerment (BEE) subsidiary of Japan's Mitsui & Co for 32 x 15E locomotives, which would have a minimum 50% local content.

UCW was nearing completion of a contract for 44 x 15E locomotives for the iron ore line, and 110 x 19E locomotives for the coal line between Ermelo and Richards Bay. It said that 88 of these locomotives had already been delivered to Transnet Freight Rail.

MD Gary Steinmetz said: "UCW is proud to be contributing to the much-needed tractive effort required in SA not only for iron ore and coal transportation, but also for general freight requirements.

"It is further testament to the capability that exists locally and UCW is uniquely positioned to provide design and manufacturing support to the passenger rail revitalisation plans that underpin our country's infrastructure investment needs.

"These contracts will provide much-needed job security for South Africans employed in rail and manufacturing industry, particularly with respect to skills retention, which remains a key factor to successfully manufacture rolling stock in SA," he said.

UCW provides innovative rail transport solutions to SA and selected export markets. It employs close on 1 300 people, and this additional order would assist with employment retention and promote local component manufacture in SA, the group said.

Production of the additional locomotives would commence in December 2011, with the first of the 32 units ready for delivery in August 2012.
murray & roberts holdings  |  transnet

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...