€40m investment in Outreau Technologies

6 Mar 2018
Investment, Railway
Estimated reading time : < 1 minute
€40m investment in Outreau Technologies
6 Mar 2018
Investment, Railway
Estimated reading time : < 1 minute

€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

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