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Bombardier

Bombardier

Industry: 
Transport Infrastructure, Industrial Conglomerate
Symbol: 
TSE:BBD.B
States: 
AZ
CA
CO
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DC
FL
GA
IL
KS
MA
MI
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Country: 
Canada
Sources: 

 

"Like many other international companies, Bombardier Inc. and Siemens AG are willing to develop their activity in the Iranian market in the post-sanction time, although they consider banking barriers, which are still in place, an obstacle getting in the way. The following is what some directors of the two international giants that are participating in Iran RAILEXPO 2016 (running from May 15 to 18 in Tehran) told the Tehran Times. 'Now, after having a new situation (lifting of sanctions) we as many others have an interest to participate in the upcoming opportunities and when you see the number of exhibitors and particularly the foreign participants, you see there is an appetite of the outside industry to participate in the Iranian market opportunities,' said Dieter Brandenburg, the chief representative of Bombardier in Iran... Also, Ali Khalatbari, the local representative of Bombardier in Iran, referred to transfer of technology the priority of the company for business in the Iranian market. 'For Bombardier having gained now over the last year in depth knowledge of what the market requires, the most critical point is transfer of technology. We are working with Mapna [a group of Iranian companies involved in implementation of power, oil & gas, railway and other industrial projects] and IRICO [Iranian Rail Industries Development Company] and other companies to carry out the projects with manufacturing the units here in Iran rather than importing from Europe.' ... 'Iranian customers are very open. It is a pleasure to work with them,' said Joerg Scheifler, the senior executive vice president of Siemens LLC Mobility Middle East... 'Despite the sanctions, we were quite active in Iran. We have locomotive factory here with our partner Mapna. So, our relationship with rail industry in Iran is quite deep and long,' Scheifler noted.” (Tehran Times, "Bombardier, Siemens willing to boost share of Iran market,” 5/16/2016)

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Bombardier is a “global transportation company,” which “leads the world’s rail equipment manufacturing and servicing industry.” (Company Website)

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"Among those that have publicly expressed interest in Iran is Canadian transportation company Bombardier Inc. 'Our role right now is to understand when sanctions could be lifted and how we could take advantage of a market we feel will be important for all of our products,' Pierre Beaudoin, Bombardier’s chief executive officer, said at a news conference after the company’s annual meeting on May 1." (Bloomberg News, "Iran Lures Investors Seeing Nuclear Deal Ending Sanctions," 8/17/14)

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“The Tehran Urban and Suburban Railway Company, (TUSRC), through the Chinese company CITIC, awarded Bombardier Transportation a contract for the in-house design, installation support and commissioning of a CITYFLO 350 solution for Lines 1 and 2.” (Company Press Release, 10/2/09)

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“BCP [Bombardier CPC Propulsion System Co. Ltd.] is dedicated to the production, marketing, and maintenance of propulsion equipment for rail vehicles. In November 2003, BCP was awarded a Propulsion and Control System contract from CITIC for 105 metro cars for Extension Line of Tehran Metro Line 1 in Iran.” (Company Press Release, 10/15/07)