Français Néerlandais Japonais Chinois Allemand Espagnol Portugais

€40m investment in Outreau Technologies

06 Mar 2018 | Front page, Mobility, Investment

Acquired in 2013 by Germany’s Vossloh Cogifer, the rail manufacturer will receive €40 million in investments through 2020.

rail, investment, Outreau Technologies

€40 million modernization

Based in Hauts-de-France, Outreau Technologies produces railway crossings and was acquired by Germany’s Vossloh Cogifer for €6 million in 2013. Its parent company now plans to optimize operations by replacing the existing plant with a modern, 20,000-sq m facility at a cost of €40 million. The project is scheduled to run through 2020.

Hauts-de-France ranked first in France for rail

Some 40% of French rail manufacturing now takes place in Hauts-de-France, positioning the region as a European leader. The sector draws on an ecosystem with over 200 suppliers, underpinned by Bombardier, Alstom, Siemens and Titagarh­—four world-class manufacturers—and I-Trans, a competitiveness cluster with a global mission.

In all, the rail industry employs more than 10,000 people in Northern France and generates €1 billion in sales.

Sources: Voix du Nord, Semaine du boulonnais

Back to news

News

Lots of buzz online about the Hauts-de-France Region

The Hauts-de-France Region has been the subject of a digital communication campaign aimed at European business leaders since mid-July. After ten weeks of broadcasting on social networks, the time has come to...

Maroquinerie Thomas is investing €6M in a factory in Arras

Leading European luxury goods subcontractor Maroquinerie Thomas has chosen Hauts-de-France for its future manufacturing site, with plans to invest €6M and create more than 250 jobs within the next four years....

All news