Spanish Small & Midcaps: CAF
The next few years should be good ones for CAF due to the sector’s positive situation and the company’s excellent positioning.
The next few years should be good ones for CAF due to the sector’s positive situation and the company’s excellent positioning.
Fernando Rodríguez | The outlook for economic growth in Spain continues to be good and domestic small and midcap stocks should reflect this. Above all, the cyclicals – particularly industrials – and consumer stocks. Barón de Ley, Miquel y Costas, Cie Automotive, CAF and Fluidra are some of the top stock picks.
Spanish midcap CAF has won a €51.3 million contract in Germany to supply 9 three-car light rail vehicles for the Schönbuchbahn and their maintenance over 19 years, with the option to request up to an additional 19 trains. The contract will strengthen CAF’s position and reputation in a key strategic market niche.
MADRID | This new project reinforces the global strategy of the company, with a backlog at the first quarter end of this year amounting to €4.87 billion, with more than 85% exports.
Two new contract awards to CAF in Brazil. The aggregate of both contracts amounts to a turnover in excess of €80 million.
Helsinki City Transport announced Wednesday it is acquiring new trains for its West Metro under a €140.4 million contract with CAF. The accord includes an option to extend the deal to the East Metro, too.
GUIPÚZCOA | Australia’s minister for Transport Gladys Berejiklian announced CAF has been selected for the $20 million contract for the supply of new vehicles to run on the Inner West Light Rail Extension. The project is due to be completed in 2014. The new light rail vehicles will operate on the Inner West Extension and integrate with the rest of the light rail network. “The Spanish company Construcciones y Auxiliar…
By T.F, www. expansion.com | The Spanish multinacional Construcciones y Auxiliar de Ferrocarriles (CAF), experts on design, manufacture, maintenance and supply of equipment and components for railway systems, has been able to weather the current economic turbulences by means of an ambitious internationalisation plan that started in 1995. This bet on the outside market has enabled the company to take advantage of the worldwide boom of railway transport, a sector…
MADRID | The US market once again knocked on the doors of the Spanish railway equipment manufacturer CAF. The company, based in Guipuzcoa (Basque Country) will supply trains for the rail project in the city of Cincinnati, in the State of Ohio. In an initial phase, the company will manufacture a small number of vehicles, which it will also keep updated. So far, CAF has been chosen as preferred supplier and will now negotiate…