NEWS

CHICAGO, IL.--(BUSINESSWIRE) -- Amsted Rail, the world’s leading manufacturer for undercarriage and end-of-car railcar components, announces the acquisition of Holland, L.P.’s Hollube® Wear Eliminator product line.

CHICAGO--(BUSINESS WIRE)--Ellcon National, 100% owned subsidiary of Faiveley Transport, and Amsted Rail, world leading manufacturer for undercarriage rail components for the freight market, announce the creation of a joint venture.

“This new joint venture is strategically important because it will enable heavy haul railcar customers to purchase complete systems with a wider range of components from a single supplier” said Robert Joyeux, Chairman & Chief Executive Officer of Faiveley Transport.

CHICAGO--(BUSINESS WIRE)--Amsted Rail officials are considering reopening their Alabama wheel manufacturing facility in Jefferson County. The company has recently held discussions with representatives from Birmingham Business Alliance, Alabama Development Office, Jefferson County Commission, Jefferson County Economic Industrial Development Authority, Birmingham Industrial Development Board, and the City of Birmingham in an effort to resume manufacturing, which was suspended in 2001.

On October 1, 2010, Faiveley Transport USA and Amsted Rail finalized a joint venture, Amsted Rail – Faiveley LLC, based in Greenville, South Carolina. This new joint venture had been previously announced in July 2010.