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Alstom wins pounds 128m order.

Alstom, which will close down its train building operations in Birmingham next year, has won an order for 28 of its six-car Metropolis trainsets from the Shanghai Mass Transit Yangpu Line Development Company, valued at about pounds 128 million.

But the order and the French Government's revision of its investment to save the cashstrapped company to meet EC rules will not have any impact on the French-owned firm's plan to run down the site at Washwood Heath by next September with the loss of about 1,300 jobs. The site will continue to do maintenance work.

Delivery of the train cars are to begin in October 2005 and completed by the end of 2007.

At the same time, Alstom announced that it had won part of a pounds 52 million contract in cooperation with Holland Railconsult.

Alstom's share of the Dutch rail traffic management order is pounds 43 million.
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Oct 8, 2003
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