Toshiba wins $370m rail deal in Taiwan

Japanese group to supply 68 electric locomotives for intercity express service

20191018 Toshiba locomotive

Toshiba supplies locomotives and other rail equipment to customers including Japan Freight Railway. (Photo courtesy of JR Freight)

YOICHIRO HIROI, Nikkei staff writer

TOKYO -- Toshiba's infrastructure unit has taken a roughly 40 billion yen ($368 million) order to build 68 electric locomotives for Taiwan, the company said Thursday.

The contract comes as the Japanese industrial group vies for overseas railway business, an area where it is pursuing growth in line with an overhaul of its business portfolio.

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