Commuter Transport Engineering Investments (CTE) and Faiveley Transport are pleased to announce that they have formed a partnership to create a local company that will design, manufacture and sell rail equipment for railway applications in South Africa. This new Company secures the localisation for Faiveley Transport products in South Africa.
"Joining forces with CTE to create Kopano South Africa is a major step forward for our Group and a commitment to building our presence in this growing market", said Thierry Barel, Chairman and CEO, Faiveley Transport.
About Faiveley Transport
Faiveley Transport is a leading supplier for rolling stock equipment. The Group has been accompanying car builders, operators and railway maintenance providers for over 90 years. Their comprehensive range of products and systems is the widest on the market and includes air conditioning, passenger access systems, platform doors and gates, braking systems, couplers, passenger information and services.
These products and systems are organised into four activities – Brakes & Safety, Access & Information, Energy & Comfort and Services guaranteeing a high level of security, comfort and availability.
Faiveley Transport currently covers six market segments; high & very high speed trains, locomotives, passenger vehicles, metro, tramways and freight wagons.
The Group's sales reached â‚¬988M in 2012/13. Faiveley Transport employs more than 5,400 people in 25 countries.
About CTE Investments
CTE Investments was established in 1999 by Patricia Norris with the primary aim of refurbishing commuter rail coaches. Since then, the company has enjoyed considerable growth and success in the rail new build and refurbishment industry in South Africa.
The CTE organisation provides innovative rail transport solutions to South Africa and selected export markets. These solutions are produced at their three manufacturing sites in Nigel (UCW), Touws River and Pietermaritzburg. CTE has over time developed and continued to improve its capabilities to deliver complex rolling stock projects and has through these capabilities successfully offered the following services to its customers:
Â· Complex rolling stock system integration
Â· Design and manufacture of new rolling stock
Â· Refurbishment and upgrade (modernisation) of existing rolling stock – life extensions
Â· General overhauls
Â· Field service support
The partnership between Faiveley Transport, recognised globally as a quality supplier of rolling stock components and systems, and CTE, an established role player in the South African rail industry provides for an offering of localised products and services which are based on superior manufacturing and performance criteria.
As a combined group CTE and Faiveley Transport will support the South African Authorities goal to:
Â· develop a modern railway industry by developing local capabilities in the local supply chain;
Â· create jobs: more than 1400 jobs will be created in South Africa;
Â· develop skills through a multi-million Rand investment;
Â· bring modern railway industrial & manufacturing processes to South Africa;
Â· develop a preferential procurement strategy that will support black empowerment in their supply chain;
Â· meet socio-economic development obligations by spending millions in related projects;
Â· support employment equity with specific attention to women and young people.
Commuter Transport Engineering Investments and Faiveley Transport would like to invite the you to attend the official launch of the new company, Kopano South Africa.
Venue: Africa Rail Exhibition,
Sandton Convention Centre
Date: 25th June 2013