?Prospects good for rail market? says Invensys Rail CEO
15 Jun 2009
As rail industry bosses head to London for the ?Rail 2009 - Unlocking future growth: Delivering a Modern Sustainable Rail System? conference on June 16, the Chief Executive of Invensys Rail, James Drummond, says the prospects for rail market are looking remarkably healthy despite the recession.Invensys Rail ? one of the world?s leading railway signalling and control systems company ? has had a busy first quarter on top of its best ever results for the year ending in March , winning major orders in the UK, United States, Spain, and Australasia, and bidding for a host of upcoming contracts in Asia, Europe, and North and South America. It has also strengthened its global sales and marketing team in anticipation of future growth.
?There is a growing recognition in countries all over the world that investment in mainline and metro signalling systems is amongst the most effective ways of meeting the challenges presented by rising populations and demand for travel,? says Mr Drummond.
?Thanks to the tremendous efforts made by Invensys Rail staff all over the world, our range of advanced signalling and control systems is already helping rail play a major role in cutting transport pollution and increasing mobility ? a role which will only increase in its importance.?
Invensys Rail is entering into partnerships with leading suppliers in China and India to compete for major projects in these rapidly-growing economies, while in the United States, planned government investment in conventional and high-speed rail is also expected to lead to big orders.
The European market continues to drive forward with the expansion of the European Rail Traffic Management System (ERTMS) and with extensive and industry-leading expertise in this sector, Invensys Rail is leading the spread of this high-tech signalling system as it rolls-out across the continent and further afield.