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Siemens to supply trains for 2014 Winter Games

Siemens to supply trains for 2014 Winter Games

Siemens AG said Wednesday it has received an order from Russian Railways to build 54 regional trains that will be used for the 2014 Winter Games in Sochi.
The industrial conglomerate, based in Munich, said the total order is worth (EURO)580 million ($832 million) with a "firm order" for 38 of its Desiro model of train ordered by Russian Railways, accounting for (EURO)410 million.
A preliminary contract for another 16 trains has already been signed, with those being partially built in Russia.
Shares of Siemens were down nearly 1 percent to (EURO)64.21 in Frankfurt trading, amid a decline of nearly 1 percent by the DAX index.
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Updated : 2021-04-17 04:44 GMT+08:00