BREAKING NEWS

Siemens signs contract to upgrade Iran’s railway network

  • Company to supply 50 diesel-electric locomotives
  • Locomotives to be built in Iran

Siemens has signed a contract to continue the modernization of Iran’s railway network. The deal includes the supply of components for 50 diesel-electric locomotives destined for the Iranian Islamic Republic Railways (RAI). The contract, inked with MAPNA Group, builds on a successful cooperation with Siemens to bring state-of-the-art locomotives that fulfill the latest environmental standards to Iran. The machines will be built in the locomotive factory in Karaj, Iran’s fourth-largest city, highlighting continued localization efforts by the two partners. The signing took place during an official visit by Germany’s Vice Chancellor and Economy Minister Sigmar Gabriel to Iran. Siegfried Russwurm, Member of the Managing Board of Siemens AG, accompanied the German delegation.

“As Iran seeks to modernize its railway infrastructure, Siemens is proud to support these ambitions with modern rail systems,” said Russwurm. “We are pleased to work with our partners at RAI and MAPNA Group and look forward to contributing to the country’s sustainable economic development, of which rail is a key component.”
Siemens has been a contributor of technology to key infrastructure projects in Iran since 1868, maintaining a significant local operation. The company is committed to supporting Iran’s economic development with innovative technology across the areas of electrification, automation and digitalization. Under the previous Siemens agreement with MAPNA, more than 20 gas turbines as well as their associated generators are scheduled to be delivered over the next four to five years.
“With Iran planning to extend its rail network to 25,000 kilometers by 2025, its population of approximately 80 million stands to benefit tremendously. Siemens has the reliable technology and a local presence in Iran dating back almost 150 years. This is a great opportunity not only to help connect more Iranian cities, but to also make traveling faster for all,” said Mohsen Nayebzadeh, CEO of Siemens in Iran.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2015, which ended on September 30, 2015, Siemens generated revenue of €75.6 billion and net income of €7.4 billion. At the end of September 2015, the company had around 348,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

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