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New train bogie a 'significant competitive advantage' for DCD
MoneyWeb reports that heavy engineering group DCD‚ formerly DCD Dorbyl, has launched a new train bogie with 85% local content‚ which it says substantially beats the tender requirements of the Passenger Rail Association of SA (Prasa) for companies to become preferred suppliers.
"Our new bogie demonstrates that we have the existing capability to manufacture train-set components with more than 40% local content immediately‚" Rob King‚ DCD MD‚ said in a report on MoneyWeb.
According to MoneyWeb, Prasa has allocated R5‚1bn a year over the next decade to train sets‚ of which bogies are a component‚ subject to 40% local content within three years from tender and 65% within seven years.
Read the full article on www.moneyweb.co.za
