Stadler returns to its old strength
Bussnang TG – Stadler has largely overcome the effects of the strong franc, or “Frankenschock”. It has secured a record number of orders and is investing in a new competence centre in St.Margrethen in the canton of St.Gallen for the production of double-decker trains.
Stadler announced in a statement that the expansion of its base “through the tapping of new markets and new market segments as well the launching of new products, has paid off”.
In the last financial year, the Swiss rail vehicle manufacturer attracted orders worth more than CHF 4.9 billion – a record result. In 2015, the year of the strong franc, orders received amounted to CHF 2.1 billion. In 2016, the company’s turnover was in line with the long-term average.
“I am pleased that Stadler was able to overcome the challenges of the Swiss currency crisis in recent years,” commented owner and Group CEO of Stadler, Peter Spuhler, in the statement. He explained that the collapse of the margins was handled with a package of measures, adding: “This has allowed us to make it through the crisis stronger than before and remain on a healthy footing.”
However, ongoing margin pressure means efficiency increases are required to ensure Stadler’s continuing operations in Switzerland, added the statement. As a result, the rail vehicles manufacturer is planning to move its production location for double-decker trains. The outdated and leased infrastructure in Altenrhein in the canton of St.Gallen is to be replaced by a new competence centre in St.Margrethen in the same canton.
Working with the St.GallenBodenseeArea, the company has secured a 70,000 square metre plot with an existing rail link. Stadler has also submitted an application for rezoning and amendments to the construction plan.