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Article: Greenbrier and GIMSA Form New Railcar Manufacturing Joint Venture.
- Article from:
- PR Newswire
- Article date:
- October 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAKE OSWEGO, Ore., Oct. 16 /PRNewswire-FirstCall/ -- The Greenbrier Companies and Grupo Industrial Monclova (GIMSA) announced today the formation of a joint venture to build new railroad freight cars for the North American marketplace. The railcars will be built at GIMSA's existing manufacturing facility, located in Monclova, Mexico. Greenbrier and GIMSA will each maintain a 50% interest in the joint venture. Railcar production capabilities will include a variety of new conventional railcars, and production is expected to commence in the second calendar quarter of 2007 with an initial focus on covered hopper cars. Capacity is expected to grow to 3,000 new railcars ...