Tag: HVAC

Mitsubishi Heavy Industries Achieves Significant First Quarter Increase in Orders and Profit

August 6, 2023 / WIL BALDWIN

Tokyo, Japan – Mitsubishi Heavy Industries (OTC: MHVYF) announced that order intake rose 75.1% year over year to 1.6 billion Yen in the quarter ended June 30, 2023. Revenue rose 12.9%, resulting in profit from business activities (business profit) of 51.9 billion Yen, a 248.1% increase from the previous fiscal year, which represents a profit margin of 5.3%. Profit attributable to owners of parent (net income) was 53.1 billion Yen, an increase of 177.1% year-over-year, with a profit margin of 5.4%. EBITDA was 85.1 billion Yen, an 80.3% increase from Q1 FY2022, with an EBITDA margin of 8.7%, up 3.3 percentage points year-over-year.

Large orders growth in Energy Systems was driven by Gas Turbine Combined Cycle (GTCC), which continues to see strong demand for both new builds and after-sales services. Business profit in the segment increased by 27.0 billion Yen due to a reduction in one-time charges in the Thermal Power businesses as well as revenue growth and improved project margins.

In Plants & Infrastructure Systems, revenue increased by 33.8 billion Yen due to contributions from Metals Machinery and Engineering, while business profit improved by 5.0 billion resulting from increased revenue in Metals Machinery as well as positive developments in Engineering and Machinery Systems’ project mix.

In Logistics, Thermal & Drive Systems, successful passthrough of cost inflation to sales prices mainly in Logistics Systems and Heating, Ventilation & Air Conditioning (HVAC) led to 14.3% increases in order intake and revenue, respectively. Cost passthroughs in these businesses also helped to raise the segment’s business profit by 15.3 billion Yen.

Most notable this quarter is the striking growth in Aircraft, Defense & Space order intake, specifically in Defense & Space, which saw orders rise by 584.1 billion Yen. This is due to large orders for missile defense systems from Japan’s Ministry of Defense as the country seeks to improve its capabilities in this area.

Stadler to Deliver up to 504 Tram Trains to German Austrian Project Consortium

January 17, 2022 / WIL BALDWIN

Stadler has been awarded the largest contract in the company’s history with a total volume of up to four billion euros: it has won an international tender held jointly by six transport companies from Germany and Austria for up to 504 vehicles as part of the VDV Tram-Train project. In addition to vehicle production, the framework agreement also includes a maintenance contract lasting up to 32 years. Part of the framework agreement is a fixed order quantity of 246 CITYLINK vehicles representing a volume of around 1.7 billion euros. There is also an option to order up to 258 more vehicles.

The award of the contract marks the beginning of a long-standing partnership between Stadler and the project consortium, consisting of Verkehrsbetriebe Karlsruhe (VBK), Albtal-Verkehrs-Gesellschaft (AVG), Saarbahn Netz, Schiene Oberösterreich, the State of Salzburg and Zweckverband Regional-Stadtbahn Neckar-Alb. Over the next ten years, Stadler will produce 246 CITYLINK vehicles for the six operators. The first four vehicles will be delivered to the Saarbahn in 2024.

All vehicles will be supplied in a three-part design. The length of the vehicles, the number of doors, the boarding and coupling height as well as the configuration of the CITYLINK versions will vary depending on the delivery location and the customer. All the vehicles will have certain features in common: they will be fitted with an HVAC system for the passenger compartments and driver’s cab, and have spacious multi-purpose areas with two wheelchair spaces that can be flexibly configured. The tram-trains will be individually equipped to suit the place of use. For example, the vehicles for the Albtal-Verkehrs-Gesellschaft will have a toilet as well as facilities for cycle racks, while Schiene Oberösterreich has opted for luggage racks as an extra feature.

Providing one type of vehicle for six operators is unusual. “On the project team, we spent hours developing a common set of specifications. We defined a standard with up to five further versions to meet the operator- specific requirements such as boarding height, coating and place of use,” explains the overall project manager Thorsten Erlenkötter from Verkehrsbetriebe Karlsruhe.

Alstom Introduces the Citadis X05 Tram to Athens, Greece

September 17, 2020 / WIL BALDWIN

Alstom is proud to deliver the first two of the 25 Citadis X05 trams ordered by Attiko Metro, the urban transport authority of Athens, in July 2018. The tram will begin dynamic tests at the end of September before being put into passenger service in February 2021.

The 25 trams will run on the city’s existing network, as well as on any planned extensions. The delivery of the last tram is expected by the end of May 2021.

“Alstom is proud to bring its latest generation of tram to Athens. By providing reliable and modern rolling stock, we commit to supporting the development of urban transport in Athens, to further increase the capacity and availability of the existing lines and their extensions,” said Stavros Vlachos, Managing Director Alstom Greece.

In addition to the manufacturing and supply of the trams, Alstom is also responsible for the on-site testing, training and warranty services, as well as spare parts for the vehicles. These are Alstom’s first trams sold in Greece, after the company provided 28 metro trains in early 2000 for the first Athens Metro project.

The modern Citadis X05 trams will supplement the existing fleet of light rail vehicles for use on the network in Athens and Piraeus. This latest generation from the Citadis range offers superior passenger experience, with 20% more glass surfaces, LEDs for soft, homogeneous lighting, large individual seats, and travel information on large screens via a telematic system. The five-section trams will be 33 metres long, with a capacity of 294 passengers. Double doors along the entire length of the tramway ensure enhanced accessibility.

The Citadis X05, the latest version of the Citadis range, boasts a number of new technologies, including permanent magnet motors for higher efficiency, as well as optimised HVAC (heating, ventilation and air-conditioning), which together reduce its energy consumption by 25%. Simplified sub-system integration and maintenance decrease lifecycle costs, while the tramway is 97% recyclable. To date, Citadis X05 has been sold in cities such as Sydney, Paris, Nice, Avignon, Caen, Lusail, Frankfurt and Athens.

2,700 vehicles of the Citadis range have been sold in 60 cities worldwide. Citadis trams have covered over 1 billion kilometres and transported 10 billion passengers since the first tram entered service in 2000.

Mitsubishi Heavy Industries Achieves Significant First Quarter Increase in Orders and Profit

Stadler to Deliver up to 504 Tram Trains to German Austrian Project Consortium

Alstom Introduces the Citadis X05 Tram to Athens, Greece

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