Lucchini unveils several rail orders from Europe and overseas

Italian long steel producer Lucchini has announced that it has received several orders for steel rails strengthening its position in its traditional markets as well as in new ones. Accordingly, Italian Railways has placed an order for steel rails worth €80 million, reflecting Lucchini's competitiveness compared to foreign competitors, as stated by Lucchini.
 
Important new orders have also recently been received by Lucchini from France, the United Kingdom, Romania, Bulgaria and Croatia, and also from Turkey, 70 percent of whose rail demand is satisfied by Lucchini. Moreover, throughout 2013 Lucchini will continue its partnership with the Swiss national railway company in the field of both traditional railway lines and high speed lines. Due to recently booked orders, the Piombino-based rail mill of Lucchini will be busy for the first half of next year.
 
Lucchini went on to state that it aims to enlarge its shares in overseas markets also thanks to its captive port infrastructures. The company also stated that it recently received rail orders for 12,000 mt from Argentina and for 40,000 mt from Algeria. Moreover, by the end of 2012 Lucchini plans to ship more than 50,000 mt of rails to the UAE for the development of rail projects in Abu Dhabi.
 
Finally, Lucchini said it is monitoring rail projects under development in the ASEAN countries and in Africa as well, while it has already received orders from Malaysia and Nigeria.