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Mitsui Rail Capital Europe and Siemens to found joint venture

The Vectron AC locomotive from the Siemens locomotive plant in Munich-Allach.

The Dutch company will be headquartered in Rotterdam, the Netherlands, and be named Locomotive Workshop Rotterdam (LWR). Both partners are jointly investing in the joint venture, primarily to build a new workshop for locomotives. The groundbreaking ceremony is planned for the current calendar year. The new workshop is scheduled to open in the summer of 2019.
"Siemens and MRCE have enjoyed a close supplier relationship for years. With the founding of the joint venture, we are raising our collaboration to a new level. Together, we will not only maintain the MRCE fleet, but also reliably service and guarantee the maximum availability of third-party fleets with our innovative maintenance technologies. With the new facility in the port of Rotterdam, we are expanding our existing international workshop network and can better support customers where they need us," said Johannes Emmelheinz, CEO of Customer Services at Siemens Division Mobility.
"MRCE has more than 10 years of experience in the Management of Full Services for Locomotives across Europe. And as a Full Service Leasing Company we know about the importance of innovative maintenance strategies in order to maximize the availability of provided traction. We'll bring in this experience into the Joint Venture with Siemens, creating an important Service Hub for European Rail Operators in Rotterdam, which is one of the crucial locations along the main corridors of the RailNetEurope Network, the Association for facilitating traffic on European rail infrastructure," said Junichi Kondo, CEO of Mitsui Rail Capital Europe.
The location of the new workshop in the port of Rotterdam will enable rail operators to optimize their long-term planning of necessary service stops for locomotives on their routes. The port is an ideal location for servicing locomotives arriving from throughout Europe, and will eliminate long service transfer runs that cost time and money. As the biggest seaport in Europe, Rotterdam is a key logistics hub in the European rail network. Each week, there are more than 250 intermodal rail connections in the port. Operations and service stops can thus be combined and coordinated with one another. The workshop will handle inspections, preventive and corrective maintenance work, which also can include simple repairs and upgrades.

For this press release

Feature: Leasing company Mitsui Rail Capital Europe (MRCE)

Feature: Leasing company Mitsui Rail Capital Europe (MRCE)

@SiemensMobility

@SiemensMobility

@SiemensMobility

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, 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 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Mitsui Rail Capital Europe (MRCE) operates the largest fleet of modern, cross-border-capable locomotives in Europe. The fleet consists of around 300 locomotives. The full-service locomotive leasing company combines leasing and maintenance management of locomotives. MRCE is a European subsidiary of Japan's Mitsui & Co. Ltd. MRCE has strategically divided its headquarters in Amsterdam and Munich: Amsterdam is responsible for operations leasing, procurement, financing and the sale of locomotives, while Munich handles the technical support and maintenance of the locomotive fleet. www.mrce.eu
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Contact

Ellen Schramke

Siemens AG

Nonnendammallee 101
13629 Berlin
Germany

+49 (30) 386-22370

Eva Haupenthal

Siemens AG

Nonnendammallee 101
13629 Berlin
Germany

+49 (89) 636-24421