Trinity Purchases Second Railcar Facility in Romania.

DALLAS--(BUSINESS WIRE)--Nov. 1, 1999--

Trinity Industries Inc. (NYSE:TRN) today said it has completed the previously announced purchase from the Romanian State Ownership Fund of 70 percent of the stock of MEVA, S. A., a long-established railcar manufacturer in Romania.

MEVA, whose facilities are located on the Danube in the town of Drobeta Turnu Severin, is Trinity's second acquisition of a railcar facility in Romania. The company purchased Astra Vagoane in the western city of Arad in June. At the same time, it also bought ICPV, the primary Romanian firm for railcar engineering and design.

"The MEVA acquisition creates important new synergies for Trinity," said Trinity Chairman, President and CEO Tim Wallace. "MEVA complements our manufacturing operations at the larger Astra plant and continues to establish Romania as a key base for railcar production and repair in Europe."

"Trinity is now positioned to increase its penetration of the European market," said Doug Schneider, Trinity's group president responsible for international expansion. "This acquisition also enables us to address the current backlog of orders from our customers around Europe."

Transport of cargo by rail is increasing in the European marketplace and demand for the leasing of railcars is projected to grow. At the same time, Europe's fleet of existing railcars is about 10 years older than the U.S. fleet and is in need of replacement.

Trinity Industries Inc., with headquarters in Dallas, is one of the nation's leading diversified industrial growth companies. Trinity operates through six principal business segments: a Railcar Group, an Inland Barge Group, a Parts and Services Group, a Highway Construction Products Group, a Concrete and Aggregate Group, and an Industrial Group.