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Real Economy News in Real Time
R/€ = 16.82 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1199.53 $/oz Change: -8.69
Pt 829.00 $/oz Change: -7.99
 
 
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Traxtion, Railway Material Resources form JV to distribute rail parts into Africa

12th September 2018 BY: Marleny Arnoldi
Creamer Media Online Writer

Private locomotive and rail operator Traxtion Sheltam and Austria-based rail services company Railway Material and Resources (RMR) have signed an agreement to create a joint venture (JV) called RMR Africa, that will distribute rail parts across the African continent.

The JV brings together two established players in the rail industry.

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Traxtion has been providing rail services and solutions across Africa for 30 years. Its newly developed Rosslyn facility, where RMR Africa will be based, will soon offer a maintenance and rail services hub for fleets across the continent.

RMR is a globally recognised supplier of rail transportation parts, services and project support.

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“RMR Africa is in a prime position to leverage off of RMR’s international supplier network and Traxtion Sheltam’s 30 years of experience and understanding of the regional and local rail industry. In addition to this, Traxtion’s Rail services hub in Rosslyn will be the ideal home base for RMR Africa,” said Traxtion CEO James Holley

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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