Locked content PKP Cargo orders locomotives from Newag

State-owned logistics operator PKP Cargo signed an agreement with Newag for delivery of three electric locomotives. The value of the contract is about PLN 45.3 million net, the company said in a statement. All three locomotives should be delivered by December 31, 2018. Newag is the WSE-listed rail v...

Locked content Newag with PLN 16 mln Q2 net profit

WSE-listed rolling stock producer Newag had a PLN 15.9 million net profit in Q2, up from PLN 10.5 million loss last year, the company said in a report. Operating profit amounted to PLN 24.47 million compared to PLN 11.06 million loss a year earlier. Revenues from sales stood at PLN 255.68 million co...

Locked content Newag signs PLN 100 mln deal with Pomorskie voivodship

WSE-listed rolling stock producer Newag signed a PLN 100 million deal with the local authorities of Pomorskie voivodship to deliver five electric multiple units between 2018-2020. The value of the deal could be doubled if the authorities decide to order another five such units, Newag said in a marke...

Locked content Newag to sell 20 train engines for PLN 350 mln to PKP Intercity

WSE-listed rolling stock producer Newag placed the best bid for sale and maintenance of 20 train engines to state-run passenger rail company PKP Intercity, offering PLN 17.7 million gross per unit, which puts the value of the deal at PLN 354 million combined. Newag’s offer secured 93.46 points, foll...

Locked content Newag to review strategic options

WSE-listed rolling stock producer Newag launched “a review of potential strategic options” and wants to ask state-run Polish Development Fund PFR for help in being a part of the EU-wide consolidation process. “The company decided to launch a review of potential strategic options tied to the consolid...

Locked content Newag with PLN 96 mln deal with PKP subsidiary

WSE-listed rolling stock producer Newag, signed a PLN 96.27 million deal with a unit of state railway group PKP to modernize 10 diesel locomotives, the company reported in a market filing. “The modernization will be carried out in accordance with the schedule agreed by the parties, and the entire co...

Locked content Newag with a PLN 267 mln contract

WSE-listed rolling stock producer Newag signed a PLN 267 million contract for 14 Impuls electric trains for the city of Łódź, the firm said in a market filing. The first four trains are to be delivered within 20 months from the signing of the deal and the remaining ten trains are to be delivered wit...

Locked content Newag gets another big contract to supply trains

Rolling stock and train manufacturer Newag entered into an agreement with Lower Silesia Railways to supply several electrical support units for public trams and trains, with a value amounting to PLN 216.7 million net, the company said in a press release on Friday. “The subject of the contract is the...

Locked content 2017 looking better for production and sales – Newag Chairman

Train manufacturer Newag said that although 2016 had been a “weak” year for sales of its stock on the domestic market, he expected the situation in the industry to improve over the next several years, a report in the Polish press said on Thursday morning. The company stated that the value of its ten...