TOUAX Rail, the second largest lessor of intermodal railcars in Europe, has signed a major maintenance service agreement with CWE Ltd, the leading independent supply, maintenance and logistics partner for the rail industry.
The 12-month contract is a major milestone in CWE’s growth ambitions, and will see it provide overhaul and general refurbishment services for 32 wagons in the TOUAX Rail fleet. The work will be delivered out of CWE’s new rail-linked facility in Scunthorpe, which provides wagon maintenance, overhaul and repair services for the rail industry.
Cédric Scheiffer, Maintenance Organisation Manager at TOUAX, said:
“This new collaboration with CWE represents a significant step forward for TOUAX and opens up new perspectives for organising maintenance and satisfying customers. CWE is surrounded by a motivated, competent and available team that helps us build maintenance solutions that are adapted to the expectations of customers and ECMs (Entity in Charge of Maintenance).
“With the signing of the maintenance services contract, CWE and TOUAX have taken an important step together and have affirmed their mutual confidence for the future.
It is also a new opportunity for TOUAX to strengthen its portfolio of maintenance providers in the UK, in order to offer a wider range of services and solutions to customers in terms of maintenance and availability of wagon fleets.”
Jo Grant, UK Fleet Manager at TOUAX, added:
“It is a great pleasure to be able to build a collaborative relationship with CWE and we look forward to working on many more projects together in the future.”
The contract follows a period of growth for CWE, which also recently announced it has signed a three-year contract with Axtone, the global manufacturer of energy absorption technologies for the rail sector, to become its only partner in the UK.
Dave Bates, Commercial Director at CWE, said:
“This partnership with TOUAX is a significant achievement for the business and will be the first to be delivered out of our new facility in Scunthorpe, which we opened at the end of last year. It’s great to see both the relationship and the company going from strength to strength.”
Nick Andrew, Managing Director at CWE, added:
“We are starting 2023 in the same way we finished 2022 – signing major new contracts that cement our position as a trusted partner and true problem solver for the rail industry.”
CWE’s services include overhaul, refurbishment, machining and fabrication, providing complete lifecycle management of rolling stock from technical design and reverse engineering of key parts, minimising downtime and supporting the decarbonisation of rail. www.cwelimited.com
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About TOUAX:
TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis worldwide, both on its own account and for investors. With more than €1.3 billion of assets under management, TOUAX is one of the leading European players in the leasing of such equipment. TOUAX is listed on the EURONEXT stock market in Paris – Euronext Paris Compartment C (ISIN: FR0000033003) – and is listed on the CAC® Small, CAC® Mid & Small and EnterNext©PEA-PME 150 indices. For further information please visit: www.TOUAX.com
