July 19, 2018

GE Transportation Secures First Locomotive Deal in Chile to Continue Growth in South American Market

  • South American sales are up 40 percent in the region over the last three years

CHICAGO, July 19, 2018 –  GE Transportation (NYSE: GE) will supply Chilean private transport provider FCAB – Ferrocarril de Antofagasta with five diesel-electric locomotives in 2019. This is the first deal between the two partners and includes a parts, service and warranty agreement.

The order continues GE Transportation’s growth in South America. The market is growing, and a modernized infrastructure is a key driver in the region’s economic development. GE Transportation has facilitated the growth with strategic projects in Brazil, Chile, Colombia, Uruguay, Argentina, and Bolivia. Over the past three years, GE Transportation has seen increased locomotive and digital sales of 40 percent in the region.  These locomotives will be used to transport different products for the mining industry in Chile, which represents approximately 50% of Chile’s export trade.

Sustainability, safety and productivity are fundamental within our management approach. The acquisition of these five new GE locomotives, along with other brand new rolling stock, trigger a step change on greenhouse gases emission reduction, improves safety features for our crews and enhances train productivity. We are sure the changes we are making lead us to provide a more safe and reliable service to our customers in Chile and beyond the border,” said Mauricio Ortiz, General Manager of FCAB.

The new C23EMP single-cab AC/DC locomotives are designed for light-axle load operations. These locomotives have been specially designed for FCAB, equipped with a GE FDL 12-cylinder engine to operate at high altitude and utilize GE’s Electronic Fuel Injection, which provides fuel efficiency. It has low clearance and can operate on narrow gauge tracks. The C23EMP is based on a proven GE technology with great reliability, availability and tractive effort. The locomotives will be assembled at GE Transportation’s facility located in Contagem, Brazil. 

“We are excited to partner with FCAB and expand our presence across Latin America,” said Marcos Costa, general manager of GE Transportation for Latin America. “With this agreement, we will help the region improve its rail infrastructure and bring products to market faster and more efficiently.”
 

About GE Transportation

At GE Transportation, we move the world and improve the world. We are a global technology leader and supplier of equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries. Our innovations help customers deliver goods and services with greater speed and savings using our advanced manufacturing techniques and connected machines. GE Transportation is headquartered in Chicago, IL, and employs approximately 9,000 employees worldwide.

About FCAB

FCAB - Ferrocarril de Antofagasta is the Transport Division of Antofagasta plc (UK listed, FTSE 100). FCAB provides rail and truck services to the mining industry in the Antofagasta Region. The transport division operates its own railway network, with access to Bolivia and the two largest ports in the region at Mejillones and the city of Antofagasta.

In 2017, transport division’s total volumes transported were 6.3 million tonnes, providing direct employment to more 1,300 people in Antofagasta region.

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