Business

Toshiba wins Rio train system order

Kyodo

Toshiba Corp. said Thursday it has an order to deliver electrical equipment systems for trains operated in suburban Rio de Janeiro for about ¥6 billion.

The manufacturer said it will supply propulsion, train monitoring and other systems for 60 trains between this September and December 2014 to a consortium of two Chinese companies.

Toshiba views Brazil as an important emerging market that is likely to see major growth in the coming years, as it promotes a growth acceleration program, including investment in electricity generation and transmission, and upgrades of its transportation network ahead of next year’s soccer World Cup and the 2016 Summer Olympics.

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