Greenbrier-AstraRail, Europe's Largest, Acquires Majority Shares of Turkish Rayvag

Greenbrier-AstraRail, Europe's largest wagon manufacturer, acquired the majority stake in Adana-based Turkish company Rayvag Vagon. The company's 32 percent stake remained in founder Asım Süzen.

According to the news of Eren GÜLER from Habertürk, Greenbrier-AstraRail, one of the companies of the Greenbrier Europe group, was established last year to operate in Europe with the merger of the green companies of the USA, Greenbrier and AstraRail. After this merger, the Polish-based company became Europe's largest wagon manufacturing, engineering and repair company.

production facilities in 6 countries and the whole operation was 4 thousand people work in the Greenbrier-astrarail the last stop of Turkey. The company, based in Adana Rayvag entry into the rapidly growing market wagon Wagon taking 68 percent stake in Turkey. The sale price was not announced.

Greenbrier to establish factories in Turkey and years before the merger with astrarail had taken place in the press for news that you want to produce 1000 cars. The company is not established factories in Turkey, he chose to enter the buying company.

'THERE ARE VERY IMPORTANT OPPORTUNITIES'

The statement made by the company in Asia with Turkey is very important that a transport bridge between Europe and intercontinental market in drawing attention to the railway wagon shipments said to be very serious opportunities.

The statement of the freight transport sector in Turkey has grown rapidly and has underlined that the Turkish government is committed to modernizing the existing railway system. The law that opened passenger and freight transport to the private sector in railways was expected to reach a volume of 2014 million tons by 2023, while the transportation activities on the railways have increased.

Greenbrier Chairman and CEO William Furman also issued a statement regarding the putting, "We see this as a key in global transportation system in Turkey and the Mediterranean. Our entry into Turkey is very logical for us in terms of the expansion of our operations in Europe, "he said.

ESTABLISHED IN 2007

Founded in 2007, Rayvag is a manufacturer of wagon and spare parts installed in Adana. Asım Süzen, the founder of the company, will have a 32 percent share after the sale.

Evaluating the agreement, Suzen said that they wanted to grow as Rayvag, but growth on this scale would not be possible without Greenbrier's investment.

Suzette, "Greenbrier - astrarail the European rail expertise mAktAki design appropriate cargo trains standards as well as worldwide production systems and procurement practices, increase in Turkey's railway transportation strengthens the position of the Rayvag to growing demand. Greenbrier's financial strength also makes Rayvag in the coming years to a partnership that will respond to the expected significant growth in Turkey, "he said.

Source : I www.haberturk.co

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