IRS seeks to expand its activities along the entire railcar value chain

IRS is the European leader of Railcar manufacturing with the three railcar factories; Astra Vagoane, Meva S.A. and Romvag S.A. and a leading producer of forgings for the railcar and automotive industry MSV Metal Studenka. The three factories produce the largest number of railcars and bogies in the European market. Together with its rail transport company, the largest private general freight transport provider in Romania, IRS seeks to expand its activities along the entire railcar value chain.

With around 7,500 dedicated employees our targets for the years to come are ambitious as we are further planning to increase our yearly production capacity to more than 5,000 railcars. Enhanced by a solid investment programme and a further optimization of our capacities we shall be able to meet the increased demands for railcars of our customers.

Following the introduction of interoperability, privatization initiatives, more competition in the rail freight markets, and the growth of the Eastern European and Asian economies we foresee a long-term growth in the railcar market. A further boost comes from the high oil prices resulting in a strong support to shift cargo from road to rail.

A continued focus on production, quality and timely delivery are the main challenges ahead of IRS. To that extent all IRS employees do their utmost to satisfy the railcar production needs of our customers. Be assured that we will continue to strengthen our services, improve the integration of our factories, increase quality management, improve timely delivery and expand on the available railcar designs for the market needs going forward.