By Chris Wack
Wabtec said it has received a $248 million order for Evolution Series ES43ACmi locomotives and services from Winning Consortium Simandou to support rail operations at its high-grade iron ore project, located in the east of Guinea.
The freight and rail company said the agreement follows a locomotive order a few months earlier from SimFer to serve its operations at Simandou.
The combined orders for the project, valued at more than $500 million, represent one of Wabtec's largest international locomotive agreements in the past five years.
The ES43ACmi is a dual-cab locomotive with a 4,500HP Evolution Series engine. Wabtec will begin delivering locomotives for the Simandou project in 2025.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 28, 2025 12:48 ET (17:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.