Toshiba: Won Two Railway Car Equipment Orders In US Worth Up To Y30 Billion
January 19 2011 - 10:04PM
Dow Jones News
Toshiba Corp. (6502.TO) said Thursday it has won two orders
worth a total of up to Y30 billion to supply electrical equipment
and systems for railway passenger cars in Washington D.C. and
Chicago.
The U.S. unit of Kawasaki Heavy Industries Ltd. (7012.TO) will
supply rolling stock to the local transit authority in Washington
D.C., while the U.S. unit of Nippon Sharyo Ltd. (7102.TO) is
supplying rolling stock for the Chicago project. Toshiba will
supply electrical equipment and systems for both projects.
The delivery for the D.C. project will begin in January 2012,
while delivery for the Chicago project will start this October,
Toshiba said.
Toshiba is ramping up its efforts to increase its overseas
presence in railway-related operations. The Japanese technology
giant generated about Y100 billion in revenue from its transport
system business in the last fiscal year, and overseas sales
accounted for about 40% of that revenue. The company aims to more
than double the segment's revenue to over Y200 billion in the
fiscal year through March 2016, with overseas sales taking up
70%.
-By Juro Osawa, Dow Jones Newswires; 813 6269 2794;
juro.osawa@dowjones.com
Kawasaki Heavy Industries (PK) (USOTC:KWHIY)
Historical Stock Chart
From Dec 2024 to Jan 2025
Kawasaki Heavy Industries (PK) (USOTC:KWHIY)
Historical Stock Chart
From Jan 2024 to Jan 2025