Mersen: success in the railway market in the Arabian Peninsula
Mersen on the fast track to success in the railway market in the Arabian Peninsula
PARIS, NOVEMBER 21, 2017 – Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, has won a series of equipment orders for several rail projects in the Arabian Peninsula. Together, these orders are worth around €5 million.
These latest successes are the result of the Group's close relationship with some of the world's leading rail manufacturers such as Kinky Sharyo & Hitachi for the Doha subway (Qatar), and Alstom for subways in Riyadh (Saudi Arabia) and Dubai (United Arab Emirates) and the Lusail City tramway (Qatar).
Mersen is a key player in the railway market whose expertise spans from engine power supply to energy distribution. In total, the Group currently equips 20% to 30% of subway systems around the world.
Deliveries are scheduled for 2017 and 2018.
Global expert in electrical power and advanced materials, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing performance in sectors such as energy, electronics, transportation, chemicals & pharmaceuticals and process industries.
Mersen, with its 6,100 employees working across 35 countries, recorded restated sales of 759 million euros in 2016.
Mersen is listed on Euronext Paris – Compartment B
INVESTOR AND ANALYST CONTACT
VP, Communication Mersen
Tel. + 33 (0)1 46 91 54 40
FTI Consulting Strategic Communications
Stanislas Mulliez/Guillaume Granier
Tel. +33 (0)1 47 03 68 10
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