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Toshiba awarded JPY2.8bn order from THSRC.

M2 EQUITYBITES-February 21, 2014-Toshiba awarded JPY2.8bn order from THSRC

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Japanese company Toshiba Corporation (TOKYO:6502), a manufacturing and solutions provider of electronic and electrical products, announced on Thursday the receipt of a turnkey order for electrical and mechanical systems (E&M) for three new stations from Taiwan High Speed Rail Corporation (THSRC), valued at about JPY2.8bn.

The stations will be constructed at Miaoli, Changhua and Yunlin on the Taiwan High Speed Rail line (THSR) and open by the end of 2015.

According to Toshiba, the E&M systems cover passenger announcement systems, passenger information systems, signalling systems, electrification and power systems, and the maintenance management information system.

THSRC placed the original order for the THSR project in 2000 with a consortium of seven Japanese companies, including Mitsubishi Heavy Industries Ltd (MHI), Toshiba and Mitsui & Co Ltd. Toshiba received orders for train electrical equipment, the electrification and power supply system, train traffic control system, communications system and maintenance management information system at that time.

In May 2012, Toshiba and Kawasaki Heavy Industries Ltd together received a further order for four 12-car train sets. In July 2013, Toshiba and MHI received an order for E&M systems, including the railway power supply system, for the Nangang extension project.

(USD1.00=JPY102.4)

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Date:Feb 21, 2014
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