CAF is to create a new GBP30m (EUR33.5m) rolling stock manufacturing facility in Newport (South Wales), partly financed by a GBP3m (EUR3.5m) grant from the Welsh Government. Trams are to be among the products built at the 46 000m2 plant, which will employ 200 people when it opens in autumn 2018, rising to 300 by 2019.
The facility is being designed for the assembly of diesel and electric multiple units, trams and high-speed trains. The firm is looking for further UK orders, where it currently has more than GBP800m (EUR894m) in contracts from various train operating companies; CAF is currently also fitting battery technology to the Midland Metro fleet for catenary-free operation from 2019.
In July the company also announced the acquisition of Nottingham-based engineering design consultancy BWB in a phased three-year transaction.
BWB’s management team, led by CEO Steve Wooler, are staying with the business that employs more than 300 people with an annual turnover of more than GBP23m (EUR25.5m).