Business Wire

GE Transportation and TÜLOMSAŞ Secure First Locomotive Order by Turkish Private Operator Korfez Ulastirma, the Logistics Affiliate of Tüpraş

Share

GE Transportation (NYSE:GE) will supply five diesel-electric locomotives to Korfez Ulastirma A.Ş., the subsidiary of Turkey’s largest refinery, Tüpraş, operating in railway transportation.

Korfez Ulastirma A.Ş. is the first private operator in Turkey to make such a purchase since the government began issuing licenses to use mainlines one year ago. Announced today at InnoTrans 2018, the agreement includes GE Transportation’s PowerHaul® series locomotives, which are European Standards compliant and provide world-class fuel economy.

Korfez Ulastirma A.Ş. currently leases five PowerHaul locomotives that GE previously supplied to the Turkish State Railways and will now double its fleet through this purchase. “As our operations grow, the ability to move faster and more efficiently is key to transporting products between Tüpraş refineries,” said Tufan Basarir, General Manager for Korfez Ulastirma A.Ş. “We’re excited to supplement the strength of our fleet with the proven performance of these locomotives.”

These locomotives, like the five that Korfez Ulastirma A.Ş. already leases, will be built in Eskisehir, Turkey by TÜLOMSAŞ, GE’s strategic partner in country. TÜLOMSAŞ produces GE’s PowerHaul locomotives for the European, Middle Eastern and North African market. Under the agreement, GE will provide leading technology and design while TÜLOMSAŞ provides local manufacturing, assembly and final testing.

“We are honored to expand our strong presence in Turkey and become the preferred locomotive supplier to both state-owned and private operators,” said Gokhan Bayhan, GE Transportation's General Manager, Russia/CIS, Europe, Middle East and North African market. “This agreement represents a significant milestone to support a dynamic, growing market and we are proud to contribute to Turkey’s railways industry development goals with our technologies and experience.

“At TÜLOMSAŞ plants, we support production of the most developed and advanced technology locomotives with our experienced, qualified workforce, facilities and capabilities,” said Hayri Avcı, the General Manager of TÜLOMSAŞ. “Manufacturing these locomotives also powers an important sub-industry and will make a real contribution to the country’s economy.”

The PowerHaul series is a top-performing mid-weight locomotive, compliant with EU Stage IIIa emissions and TSI interoperability standards. It is equipped with a technologically advanced 16-cylinder 3,700 HP GE PowerHaul P616 engine with common-rail fuel injection. The locomotive can achieve maximum power output, while providing an 18 percent reduction in fuel consumption. It also has improved reliability and tractive effort with high-performance AC traction-control technology and individual axle-control.

Visit the GE Transportation InnoTrans 2018 webpage to learn more about this week’s announcements, demos and displays. The GE Transportation booth is located at Hall 3.2, Stand 401.

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 and employs approximately 9,000 employees worldwide.

About Tüpraş (Turkiye Petrol Rafinerileri A.S.) and Korfez Ulastirma A.Ş.

Operating four oil refineries, with a total of 28.1 million tons annual crude oil processing capacity, Tüpraş is the only producer in Turkey’s refining sector and largest industrial enterprise of the country with its subsidiary in sea transportation, Ditaş, its subsidiary in railway transportation, Korfez Ulastirma A.Ş., and affiliate in fuel oil distribution sector, Opet.

Forty-nine percent of its shares are traded in Istanbul Stock Exchange. Europe's 7th largest refining company, Tüpraş serves as an integrated oil company with both market share and corporate reliability, as well as production complexes and partnerships.

A wholly owned subsidiary of Tüpraş, Korfez Ulastirma A.Ş. is the first private train operator in Turkey and was founded to grow transportation of Tüpraş loads by rail. With a total of 549 wagons and five diesel locomotives leased from TCDD (Turkish State Railways), Korfez Ulastirma A.S. started railway operations in December 2017.

About TÜLOMSAŞ (Türkiye Lokomotif ve Motor Sanayi A.Ş)

TÜLOMSAŞ, the only locomotive supplier in Turkey, has a longstanding and vast experience in manufacturing and maintenance. The facility opened in 1894 as a maintenance and repair workshop for locomotives.

As an affiliated company of the Turkish State Railways, TÜLOMSAŞ has been responding to all the locomotive and wagon needs of Turkey for more than a century. Throughout the years it has developed into a heavy industrial player as well as the biggest and most modern locomotive and freight car manufacturer in the Middle East and the Balkans. TÜLOMSAŞ gained a new identity in 1986 as the Turkish Locomotive and Engine Industry Inc. Today, TÜLOMSAŞ fulfills the locomotive and freight car needs of TCDD, the Turkish State Railways, and other organizations in Turkey, while increasing its competitiveness in the global market through exports.

As of today, TÜLOMSAŞ has manufactured 900 locomotives, 650 diesel engines, and 11,000 freight cars. With an annual production capacity of more than 100 locomotives, 1,500 bogie freight cars, and 100 various types of diesel engines, TÜLOMSAŞ can be regarded as the locomotive of the Turkish heavy industry. Based in Eskisehir, TÜLOMSAŞ employs 1,500 people. Detailed info www.tulomsas.com.tr

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Deia Campanelli
GE Transportation
773-297-0482
deia.campanelli@ge.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation

Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release

Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private

Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding

Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår

V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release

V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust

Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release

Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo

HiddenA line styled icon from Orion Icon Library.Eye