INTERNATIONAL RAILWAY SYSTEMS WINS MULTI MILLION EURO CONTRACT TO SUPPLY NEW 95m³ Zacns TANK WAGONS TO GATX Rail Europe
International Railway Systems (“IRS”), the European leader in freight railcar manufacturing, has been awarded an order to supply hundreds of new freight wagons to GATX Rail Europe (“GATX”).
Under the contract, IRS will provide several hundred of its brand new 95m³ tank wagons certified to the latest TSI requirements to GATX in 2009 and 2010 with options for additional wagons.
Mr Brown, Sales Director Europe of IRS, said, “GATX is one of the largest leasing companies in Europe and we are extremely gratified and encouraged during current market conditions to have been awarded this major contract. Having been designated as the supplier of choice over a variety of competitors speaks to the superior quality of our freight wagons, as well as our ability to deliver promptly on large orders such as this.
Mr Burci, President of IRS, said, “GATX and IRS first worked together in 1991 before the acquisition of Trinity Rail Europe for the ordering of new tank cars and today’s announcement marks the 18th anniversary of the original partnership. Mr. Burci continued, with our leadership positions in manufacturing quality products and our proven ability to execute on order delivery, we believe we are well positioned to meet the needs of our customers across Europe.”
Johannes Mansbart, CEO of GATX Rail Europe, stated: “We are highly satisfied to place another important order with IRS confirming GATX’s trust in IRS ability to deliver quality products in time. Although markets are flat, we are seeing a high interest in our customers to optimize their fleet’s efficiencies and to seek the best tank cars available todate.
In close cooperation we have created a “triple win” situation for the GATX customers, the tank car supplier and GATX under challenging market conditions. We believe the timing is right as we have a very long term outlook and commitment in the markets where we play a leading role in Europe, both in size, service quality and timing of our order placements.”
About International Railway Systems, Inc.
International Railway Systems (IRS), headquartered in Luxembourg, is Europe’s leading manufacturer and producer of freight railcars, bogies and forgings for the railcar industry. IRS possesses the largest railcar design, engineering and testing capabilities in Europe. IRS operates multiple subsidiaries from 14 locations throughout Europe including the Czech Republic, Romania, Slovakia, and Switzerland. For more information, visit:
www.irsgroup.eu
About GATX Rail Europe
GATX Rail Europe consists of GATX Rail Austria GmbH, GATX Rail Germany GmbH and GATX Rail Poland Sp. z o.o. is headquartered in Austria. GATX Rail Europe is one of Europe’s largest private owners and lessors of rail tank cars with a fleet of more than 20,000 RTCs. GATX Rail Europe is owned by GATX Corporation headquartered in Chicago.
