CAF volume of business gets to US$ 1.7 billion
DCI
Newly-arrived in Brazil, Spanish Construcciónes y Auxiliar de Ferrocarriles (CAF), specialized in the manufacture of subway and railroad equipment, announced volume of business close to US$ 1.7 billion in 2009, figures 25% greater than the value registered in the previous year. Here, the Spanish company, which has just opened its first plant in Brazil, in the city of Hortolândia (SP), already guarantees orders for the supply of equipment for 108 trains to the São Paulo subway and to the São Paulo Metropolitan Train Company (CPTM). The latest contract closed with the CPTM was made through a public-private partnership (PPP).
CAF Brazil also has an eye on the project of the high-speed train (HST) that will connect the States of São Paulo and Rio de Janeiro, as recently disclosed by an Executive of the company. "We do have interest in the Brazilian HST project because it fits the profile of the products of the company", said the local CAF official, Paul Fontenelle, at the time.
In Latin America, CAF exports and manufactures products to export and manufactures products for Brazil (where it is beginning to produce), Chile and Mexico. Worldwide, the orders reached more than US$ 7.7 billion, more than 50% for export, to cater to the regions of Latin America, Eastern Europe, Northern Africa, Saudi Arabia and India; the company's projects are distributed throughout nearly 30 countries. Among the specialties of the multinational company are the production of equipment like light rail vehicle (LRV), items for high-speed trains and short-distance trains.