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CREATING LONG TERM

VALUE
1 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

IN MOTION
2 / New multi-product
manufacturing site
3 / Increase in Indian footprint
4 / Faiveley NeoFlexx ® Disc
in passenger operation
Faiveley Transport is a world leader
5 / Combination with Wabtec
to create a global rail leader in products and engineering services
6 / New platform orders
signal regained customer confidence
7 / Deployment of our Values
for the rail industry.
8 / Key role in Paris metro
We offer high added-value technical solutions
to help our customers build and operate
DELIVERING
PERFORMANCE trains that are safe, reliable and cost-efficient
10 / CEO’s message throughout their life cycle. Our global footprint,
12 / Wabtec combination
14 / Our Executive Committee
15 / Our financial performance
with nearly 6,000 employees in 24 countries,
16 / Our QHSE performance
ensures we are close to our customers,
and to major rail markets.
CREATING
VALUE As the rail industry evolves, we are moving
20 / Shape
21 / Execute forward: developing world-class production
22 / Create
23 / Develop facilities, innovating to create highly ­
24 / Grow talent
efficient products, and pursuing a combination
with Wabtec Corporation. Our aim:
STRENGHTENING
OUR BUSINESS to secure our long-term leadership position
26 / Access & Mobility
28 / Brakes & Safety
and in doing so, provide the best possible
30 / Energy & Comfort
32 / Services
components, systems and services
34 / China
36 / A worldwide partner to our customers. 
3 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

IN MOTION E

P
SHA
INCREASE IN INDIAN
FOOTPRINT
In India, one of our four key markets,
we extended the capacity of our site
in Hosur, near Bangalore.
This site utilizes our new ERP system
and has been FWE certified: it will
allow us to offer our full range of systems
and services to our Indian customers
and abroad. In 2015-16, we began
manufacturing doors at the site, and
increased our HVAC capacity. 

E
P
SHA

NEW MULTI-
PRODUCT
MANUFACTURING TE

U
EX EC
SITE IN THE CZECH FWE certification for seven sites

REPUBLIC The Faiveley Worldwide


Excellence (FWE) program was
launched two years ago to
operating model and best
practices in areas such as quality
and risk management become
alongside external certifications
such as ISO 9001. To date,
seven sites have been certified.
standardize the way we operate FWE certified. The certification They include sites in Germany,
In 2016, Faiveley Transport opened a 20,000 m2 state-of-the-art industrial facility in Plzen, Czech
across the organization. Sites is intended as a demonstration China, France, India and the
Republic. It will be used to manufacture pantographs, power collectors and auxiliary inverters as
that implement the program’s of excellence, and used Czech Republic. 
well as to assemble buffers, couplers, and brake and door components. With improved logistics,
production flow and working environment, the facility is designed to provide the highest standards
of quality to our customers, and of safety to our employees. 
4 I N M OTI O N 5 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

TE
A
CRE

FAIVELEY
NEOFLEXX® DISC
IN PASSENGER
OPERATION
In August 2015, we began field trials
with Swiss Federal Railways (SBB)
of the Faiveley NeoFlexx® Disc.
-20%
REDUCTION
IN WEAR COMPARED
The innovative brake disc uses patented TO A STANDARD
manufacturing technology to provide BRAKE DISC
customers with flexibility in design and
dimensions and faster time to market.
Superior reliability and low weight also
help optimize total cost of ownership.
We are now delivering the disc to another
European operator, and laying the
groundwork for serial manufacturing
at our plant in Witten, Germany. We
expect to receive our first commercial
orders for the disc in 2016-17.  COMBINATION WITH
WABTEC TO CREATE A
GLOBAL RAIL LEADER
A proposed combination with Wabtec Corporation reached a number of milestones, including
agreement between the two parties and approval by our Works Council. Review by competition
authorities in Europe and the United States is underway. The combination would secure the
long-term future of Faiveley Transport by capitalizing on the complementary strengths of the two
companies to create a global player with combined sales of around €4 billion. The transaction is
expected to close end-2016. 
© SBB CFF FFS
6 I N M OTI O N 7 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

P
O
L
DE VE

NEW PLATFORM ORDERS


SIGNAL REGAINED
CUSTOMER CONFIDENCE Collaborative
Reliable
2015-16 was a bumper year for orders on new platforms, reflecting our customers’ renewed faith
in our ability to deliver high quality, reliable products.
Passionate

Contracts on our customers’ new worth more than €60 million and include

We are
platforms are extremely important to braking systems, couplers, cabin HVAC
Faiveley Transport. This is because new and auxiliary converters. Bombardier has
platforms are highly likely to be sold in options to build an additional 710 cars.
several countries, thereby generating
future opportunities for the Group. In
Faiveley
Transport.
© SIEMENS

2015-16, we won new platform contracts


with four major customers: Alstom,
Siemens, Bombardier and CRRC.  In Germany, we will supply HVAC
and braking systems for the 82 new
Rhine-Ruhr Express (RRX) trains
© CRRC

to be built by Siemens. The contract,


which totals over €25 million, includes
overhaul of brake parts for 10 years.  In China, we are working with the
© ALSTOM DESIGN & STYLING

Specific technical solutions were recently-formed giant CRRC, supplying LE


NT

G ROW TA
designed to support Siemens in HVAC systems for MBTA’s fleet renewal
delivering unrivalled levels of reliability, metro project in Boston. The contract,
comfort and sustainability. which totals €15 million, reflects CRRC’s
confidence that Faiveley Transport is the

 In Paris, we are supplying HVAC and


right supplier to provide support in its
first project in the United States. 
DEPLOYMENT
braking systems for Alstom’s MP14
Paris metro trains. Contracts for the first
35 trains amount to nearly €15 million:
*Contracts to supply auxiliar y conver ters
were signed during the 2015-2016 financial year.
OF OUR VALUES
© BOMBARDIER

The contracts for all other elements were


more than 180 additional trains could booked in the first quar ter of 2016-17.
2015-16 was the year in which our 5,950 people fully adhered to our values:
be delivered over a 15-year period. Our
Collaborative, Reliable and Passionate. Having worked with our employees to define

4
energy-efficient HVAC systems and
these values in 2014-15, this year was about communication. We translated the values
efficient brake systems contribute to  In Brussels, we are supplying a wide
the project’s objectives of low energy range of products to Bombardier for into 21 languages and explained them via information booklets and induction courses
consumption, high performance and their M7 double-decker train cars. The NEW for new employees. We also included them in our performance management system.
ease of maintenance. contracts*, which cover 355 cars, are PLATFORMS The aim: to reinforce a shared culture, and ensure our people feel part of One Faiveley. 
8 I N M OTI O N

P
O
L
DE VE

KEY ROLE IN P

PARIS METRO
O

L
DE VE
Strong growth
in Services

DELIVERING
PERFORMANCE
Our Services Division recorded organic
growth of 8.8% (13.4% at constant
currencies) during 2015-16.
© RATP

This strong growth was the result of


record order volumes the previous year,
particularly on large overhaul programs
Faiveley Transport will play a key role in Faiveley Transport saw solid sales in 2015-16, as the benefits
in the UK, Australia and the US.
the automation of line 4 of the Paris metro, of our Creating Value 2018 strategic plan started to be felt
following RATP’s award of a €75 million contract
It took us one step closer to our across the business. Our clear focus on both quality and
to provide platform screen doors for 29 existing
Creating Value 2018 goal to rebalance employee safety contributed to our customers’ renewed
and new stations. Working in consortium with
our sales from Original Equipment confidence. This, in turn, resulted in significant orders during
Eiffage Energie Ferroviaire, we will develop,
towards Services: the Services Division
supply and install semi-full-height platform the year, including contracts on new customer platforms.
now accounts for 45% of our total
edge barriers at 27 existing stations and 2 new Looking ahead, we will continue to execute our strategic
sales. Strong growth also contributed
ones. To meet RATP’s requirements for zero plan, led by our reinforced senior management team, as we
to our improved profitability*
service interruption and maximum safety during
as after-sales enjoy higher margins work towards the proposed combination with Wabtec. 
installation and testing, we will pioneer a new
than Original Equipment. 
modular fitting system. Full automation of the line,
which is expected to deliver major improvements
in passenger service, is scheduled for 2022. 
*Adjusted Group operating profit,
excluding restructuring costs and costs related
to the planned combination with Wabtec.
10 D E LI V E R I N G PE R FO R M A N C E 11 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

STÉPHANE RAMBAUD-MEASSON, CHIEF EXECUTIVE OFFICER OF footprint and cost base in order to improve  Why is the proposed combination  What were the principal reasons
FAIVELEY TRANSPORT AND CHAIRMAN OF THE MANAGEMENT our performance, and our service to with Wabtec attractive? behind your increase in profitability
BOARD, DISCUSSES HIGHLIGHTS OF 2015-16, INCLUDING PROGRESS customers. In January we opened our new The proposed combination with Wabtec would in 2015-16?
industrial site in Plzen in the Czech Republic. be an excellent strategic move for Faiveley Our contract margin has improved, driven
ON THE CREATING VALUE 2018 STRATEGIC PLAN.
A multi-product facility, it increases our Transport. The complementary nature of our by three factors. The first is improved project
competitiveness in Europe. activities is striking, both in terms of product execution, which has resulted in far fewer
In India, one of our four key markets, range and geographic coverage. This project margin deteriorations. The second is
 How would you characterize we extended the capacity and capabilities transaction would allow us to pursue our aim of our mix between services and original
the year? of our Hosur site, near Bangalore, to cover building a global leader in rail equipment and equipment, with higher-margin services now
2015-16 was a very positive year for Faiveley our full product portfolio and we invested services in the Passenger Transit field. accounting for 45% of total sales.
Transport, and one of intense change. It was to master the special processes that are We also enjoyed higher sales volumes.
the first year of our Creating Value 2018 unique to our industry. The site is booming,  What is the current state of the rail This is important as we had taken the
strategic plan, in which we successfully and turnover has increased sharply, market in Faiveley Transport’s key decision to increase our cost structure
achieved major milestones. It was also a year demonstrating the logic of our investment. geographies? to gain better control. While we booked
of transition as we laid the groundwork for In technology, we invested in a number of Year on year the rail market is growing in line one-off costs relating to restructuring and
a proposed combination with Wabtec. We areas. I would like to highlight Faiveley with UNIFE* projections. This steady growth the Wabtec transaction, our adjusted Group
regained our customers’ confidence, winning NeoFlexx® Disc, whose innovative production masks some differences depending on product, operating profit was slightly above our
a number of landmark projects, which I see process brings significant benefits to segment and geography. market guidance.
as testimony of our growing reputation for customers, including shorter time to market, We have already started to see a downturn in
strong execution. And we generated strong reduced weight and lower lifecycle costs. freight in the United States, as well as in  What are your priorities
financial results in terms of sales, profitability Finally, I would like to stress our solid organic mining-dominated countries, but this is largely in 2016-17?
and cash flow. growth, driven by the performance of our offset by overall growth in the transit market. Looking ahead to 2016-17, there are three main
Services business, which is a key driver Europe has been slow during the last couple of priorities. We will focus on closing the Wabtec
 Last year you unveiled the Creating of our profitability. years, but we see it stabilizing, with growth deal, completing the regulatory process. We will
Value 2018 strategic plan. What coming from northern Europe. work hard to deliver our full year guidance to
were the key achievements in the  What were the year’s highlights China remains a strong market, driven by the the market. And we will execute our three-year
first year? in terms of contracts? expansion of the high-speed rail network, a large strategic plan.
One of the key objectives of Creating Value Our most important wins are those where we number of metro projects, and the emergence of We have delivered the first visible milestones
is to create a more efficient industrial have gained positions on our customers’ new Light Rail Vehicles, albeit with lower growth than of our transformation, but Creating Value 2018
platforms. This is because new platforms in previous years. Finally, India is booming, is a mid-term change program. We have agreed
have a high probability of being sold driven by a large number of metro projects and a with Wabtec that we will pursue the plan after
elsewhere, making us well positioned to win fast-paced program of modernization of Indian closing, incorporating best practices where
more projects going forward. Railways. It is a market where we enjoy a strong appropriate. In this way, we will position the

DELIVERING
For example, we won a landmark project with reputation and position. combined company for the future, and serve
Siemens for the new Rhine-Ruhr Express our customers even better. 
trains, the largest regional project in Germany  What progress have you made
last year. Bombardier awarded us contracts on customer satisfaction and *UNIFE: Union des Industries Ferroviaires Européennes,
a professional association for the railway supply industry.
for several products for their M7 commuter operational excellence?

ON OUR
train in Belgium, one of the largest European We have demonstrated to our customers
platforms today. And we won contracts on that we are reliable and have enhanced our
Alstom’s new Metropolis platform. control over the entire project value chain,
We also won projects in Australia, India and putting in place strong governance of our
the Americas demonstrating our strength in projects. We have put quality at the top of the

PROMISES
major markets outside Europe. agenda, and the improvements we have made
are visible in the indicators we systematically
monitor. These include non-conformity reports
(NCRs), a measure on which I believe we
outperform the industry today.
12 D E LI V E R I N G PE R FO R M A N C E 13 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

WABTEC
Two market leaders with complementary strengths

COMBINATION: WABTEC FAIVELEY TRANSPORT

CREATION OF $3.3bn
IN SALES
13,000
EMPLOYEES.
50 MANUFACTURING
€1.1bn
IN SALES
5,950
EMPLOYEES.
56 SITES

A GLOBAL RAIL
PLANTS WORLDWIDE

United States Increasingly global


LEADER A LEADER IN ITS HOME COUNTRY,
WITH 53% OF SALES TO THE US
57% OF SALES IN EUROPE; 22% IN
ASIA-PACIFIC; 20% IN AMERICAS

On 27 July 2015, Faiveley Transport sales of approximately €4 billion. The quarter of 2016 and the proposed tender Freight leader Strength in transit
announced its entry into exclusive complementary nature of the two offer will be filed with the Autorité des 62% OF TOTAL SALES MAJOR NEW CONTRACTS ON NEW
IN THE FREIGHT SEGMENT METRO AND PASSENGER TRAIN
negotiations with Wabtec Corporation. companies’ activities is strong, both in Marchés Financiers (AMF – French financial PLATFORMS IN 2015-16
Following review with employee terms of product range and geographic markets authority) in the weeks following
representative bodies, on 6 October 2015 coverage (see opposite). this change in control. 
the Faiveley family and Wabtec Corporation
signed the share purchase agreement as Finalization of this project is subject to Services
well as a shareholders’ agreement; Faiveley the fulfilment of standard closing conditions BOTH FAIVELEY TRANSPORT AND WABTEC HAVE A STRONG FOCUS ON DEVELOPING
Transport and Wabtec Corporation signed and specifically to the approval of the AFTERMARKET PARTS AND SERVICES: 62% OF WABTEC TOTAL SALES COME
FROM SERVICES; AT FAIVELEY TRANSPORT, THE FIGURE IS 45%
the agreement related to the tender offer. competent competition authorities (the
European Commission and the US
Wabtec’s firm offer relates to the acquisition Department of Justice, as well as Russia’s *At the time of publication, the project had already been
approved by the Russian competition authority. The process
of the entire Faiveley Transport share Federal Antimonopoly Services)*. for applying to the European Commission for authorization

capital, valuing it at an enterprise value


was ongoing. Following the formal notification submitted
on 4 April 2016, on 12 May 2016 the European Commission The combination will …with two strong
in the region of €1.7 billion, and would give In this context, the acquisition of the opened an in-depth investigation (Phase 2) with respect
to a few products areas which could be affected create a leading global player… segments
rise to one of the world’s leading rail controlling interest from the Faiveley family by the combination. In the United States, the Department
of Justice was continuing the second request review in
equipment manufacturers with combined by Wabtec is expected to occur in the fourth relation to the planned acquisition.

€4bn
IN SALES
7%
“The proposed combination with Wabtec 28% OTHERS
EUROPE
secures our long-term growth. The consolidation 10
of our customer base we have seen to date 54% ASIA-PACIFIC

is only the beginning. As major industry players AMERICAS


Transit Freight
merge, we need to make sure we provide HEADED BUILDING ON WABTEC’S
customers with the best possible offer, as well BY STÉPHANE
RAMBAUD-MEASSON:
HISTORIC
LEADERSHIP POSITION:
as withstanding competition.” AROUND 53%
OF TOTAL SALES
AROUND 47%
OF TOTAL SALES
SALES BY GEOGRAPHY (ESTIMATE)
STÉPHANE RAMBAUD-MEASSON, CEO of Faiveley Transport
and Chairman of the Management Board
14 D E LI V E R I N G PE R FO R M A N C E 15 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

OUR FINANCIAL
FAIVELEY TRANSPORT STRENGTHENED ITS EXECUTIVE COM-
MITTEE IN 2015-16 BY APPOINTING TWO NEW MEMBERS. THEIR
EXPERTISE WILL HELP US ACHIEVE THE GOALS SET OUT IN OUR
CREATING VALUE 2018 STRATEGIC PLAN.
PERFORMANCE
OUR EXECUTIVE ORGANIC GROWTH
IN THE ORDER BOOK
STRONG GROWTH
IN SERVICES
11.9% INCREASE IN ADJUSTED
GROUP OPERATING PROFIT

COMMITTEE Building on last year’s record order book,


the Group achieved further organic
growth of +1.6% (-1.6% when including
the negative 3.2% currency effect).
Total sales grew by 5.4%, led by a strong
performance from the Services Division.
Thanks to exceptional organic growth
of 8.8%, Services now accounts for 45%
Better project execution and an increase in
sales of higher-margin Services contributed
to a significant increase in gross profit.
Despite a significant increase in SG&A*
This positive momentum reflects customers’ of sales. Original Equipment Divisions’ sales linked to the implementation of the strategic
renewed confidence in Faiveley Transport. declined due to the planning of deliveries plan, Faiveley Transport increased its
Faiveley Transport’s Executive Committee outlook: they represent three continents, and HSE. The appointment of these two Major customers entrusted us with on major platforms. Around the world, adjusted Group operating margin to 9.8%
new platforms, and we won significant Americas recorded the strongest sales of sales, in line with its Creating Value
oversees operational activities, notably and around half are non-French. In 2015-16, talented executives reflects the priority given contracts in all regions. growth performance. objectives.** 
the Faiveley Worldwide Excellence program we welcomed two new members to to their two areas of expertise in the strategic
* Sales, General & Administrative costs.
and various initiatives in place to deliver the Committee: Mihaela Andronic, Vice- plan: developing talent and improving quality ** 11% to 12% by 2017/18.

the Creating Value 2018 strategic plan. President HR and Internal Communication; are both seen as essential to the ongoing
Its members benefit from an international and Hakim Aoudia, Vice-President Quality success of the business. 
Order book Sales and operating margin
From left to right: (in € millions) (in € millions) Operating margin* (in % of sales)

1,877 1,847 1,105


1,690 1,048
1,616 1,660 988 957
901

STÉPHANE SIMON CHARLESWORTH GUILLAUME BOUHOURS JUN HE


RAMBAUD-MEASSON Vice President Sales & Marketing Chief Financial Officer President China
Chief Executive Officer Member of the Management Board
and Chairman of the OLIVIER RAVIT
LILIAN LEROUX 10.4 11.2
Management Board President Energy & Comfort
9.3 9.8
President Brakes & Safety 9.2

2011/12 2012/13 2013/14** 2014/15 2015/16 2011/12 2012/13 2013/14** 2014/15 2015/16

RALPH FÜRDERER
Chief Technology Officer
HAKIM AOUDIA
Vice President Quality and HSE
MIHAELA ANDRONIC
Vice President Human Resources
and Internal Communication
THOMAS FESER
Vice President Corporate Development
€1,105  MILLION SALES
9.8%
ADJUSTED GROUP OPERATING MARGIN
€38.5 
MILLION FREE CASH FLOW
RÉMI CAUSSE JÉRÔME SPENCER ALAIN DESCHÊNES
President Access & Mobility President Services Vice President Operations and IT
* Adjusted Group Operating margin. ** Restated figures from IFRS 10, 11, 12 impact.
16 D E LI V E R I N G PE R FO R M A N C E 17 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

FAIVELEY TRANSPORT’S QHSE INITIATIVES ARE INCREASINGLY OUR QUALITY STRATEGY IS BASED ON 3 PILLARS
FOCUSED ON PREVENTION: PUTTING IN PLACE THE RIGHT
­SYSTEMS UPSTREAM, AND STANDARDS AND TRAINING TO ENSURE
OUR EMPLOYEES REMAIN SAFE, OUR PRODUCTS ARE OF HIGH
QUALITY, AND OUR IMPACT ON THE ENVIRONMENT IS MINIMIZED.

OUR QHSE Reactivity Control Anticipation


PERFORMANCE
IN HANDLING CUSTOMER ISSUES OF PRODUCTION BASICS FOR NEW PROJECTS

Achieved by implementing a best Investment in better control throughout Introduction of a system of “gate
practice approach to deal with our supply chain of key special reviews” to track projects from the early
customer issues rapidly and effectively processes such as welding stages of design and development and
using a QRQC approach (Quick and painting. We also deploy anticipate future milestones and risks.
Response Quality Control). Faiveley Transport quality The system also takes into account
Faiveley Transport focuses its work in quality, to improve and monitor their QHSE  Improved environmental representatives to client sites. previous lessons learned.

health & safety and the environment (QHSE) and operational performance. Sites reaching management
around the needs of two key stakeholders: the same high consistent level of quality Finally, we take steps to minimize
employees and customers. achieve FWE certification. our environmental impacts resulting from
Our approach in recent years has evolved We have also introduced tighter control our worldwide production. We have put
from the reactive to the truly proactive, of our supply chain and have deployed in place Environmental Management Systems
CERTIFICATION HELPS US IMPLEMENT THIS STRATEGY –
AND DEMONSTRATE PROGRESS
a fact reflected in our clearly defined Faiveley Transport quality residents and certified 19 of our production sites
structure for managing QHSE across on major client sites. to ISO 14001 standard, and have launched INTERNAL
the Group. This is backed by strong and
visible leadership commitment: in 2016,
the Vice President for QHSE was appointed
 New initiatives in Health
& Safety
our first initiatives to reduce energy
and water consumption.  7 
SITES CERTIFIED

to the Group’s Executive Committee. We believe our people are our greatest
resource, and that their wellbeing contributes
Faiveley Worldwide Excellence
 Putting quality at the heart to our ability to deliver high quality products.
INTERNATIONAL RAIL INDUSTRY

30  19 
of our approach As such, we strive to provide facilities
Our central objective is to provide our and equipment that meet all the major
customers with the best possible quality international HSE standards and have also SITES CERTIFIED SITES CERTIFIED
by putting in place the right systems, tools
and methods. Our strategy for improving
set an objective of zero workplace accidents.
In 2015-2016 we launched several initiatives
ISO 9001 IRIS
our quality performance, supported by to emphasize a strong safety culture
our FWE (Faiveley Worldwide Excellence) among all employees. Employees received
certification program, is delivering strong regular personal messages from our
OUR APPROACH HAS BROUGHT REAL BENEFITS FOR CUSTOMERS
results for our customers (see opposite). CEO on the importance of safety, reinforced
FWE represents a key plank of our approach. by Safety Days with top executives
All sites follow the Faiveley Management and communications campaigns deployed
System and our Internal Control rules, across all sites.
90% 75%
reduction in PPM reduction in backlog
SINCE 2012, WE HAVE REDUCED OUR PARTS SINCE 2012, WE HAVE REDUCED OUR BACKLOG
PER MILLION (PPM) DEFECTS MORE THAN TENFOLD OF CUSTOMERS’ NON-CONFORMITY REPORTS BY FOUR
19 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Our strategic three-year plan, Creating Value 2018,


is ­d esigned to bring tangible benefits to customers,­­
share­holders and employees. It aims to help the Group
become more competitive, and grow profitably.
Structured around five building blocks, it encompasses all CREATING
operational ­aspects of our business, from our industrial
footprint and organization, to our growth strategy and our
VALUE
2018
people. In 2015-16, the first year of the plan, we made
substantial progress, driving innovation while putting in
place solid processes to attain operational excellence. 

CREATING
VALUE Shape Execute Create
Adapt our industrial footprint Achieve operational excellence Invest in Product and System
and our organization to improve in terms of Quality, Project innovation to maintain a
our performance and our management, and On-Time technological edge, meet
competitiveness. Delivery in order to provide customers’ needs and improve
full satisfaction to our customers our competitiveness.
and improve our financial
performance.

Develop Grow talent


Focus and accelerate Promote a shared culture
our commercial initiatives and a working environment
to achieve steady and profitable which foster talent development
growth that outpaces and team commitment.
the rail market.
20 C R E ATI N G VA LU E 21 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Shape Execute
FAIVELEY TRANSPORT IS ADAPTING ITS INDUSTRIAL FOOTPRINT, DEVELOPING WE AIM FOR OPERATIONAL EXCELLENCE TO MEET THE NEEDS OF OUR
MANUFACTURING AND PROCUREMENT IN LOW COST COUNTRIES WHILE CUSTOMERS AND IMPROVE OUR OWN FINANCIAL PERFORMANCE.
MAINTAINING ENGINEERING AND PROJECT MANAGEMENT IN ESTABLISHED REGIONS STRATEGIC INITIATIVES TARGET IMPROVEMENTS IN QUALITY, PROJECT
OF EXPERTISE. WE ARE ALSO RESHAPING OUR ORGANIZATION TO IMPROVE MANAGEMENT, ON-TIME DELIVERY AND COMPETITIVENESS, THROUGH USE
COMPETITIVENESS AND PERFORMANCE. OF NEW WAYS OF WORKING AND TOOLS.

In line with the Creating Value 2018 strategic plan, cost-effectiveness. We have also invested significantly Faiveley Transport sees operational excellence as key nize our procedures, and in 2015-16, we introduced
Faiveley Transport increased capital expenditure dur- in our Indian footprint, which supports both the local to its future success: it enables us to grow profitably, by the new enterprise resource planning (ERP) tool at
ing 2015-16, to increase its footprint, and improve market, and the export market for our European custom- meeting the needs of our customers for high levels of 12  sites. Three initiatives are in place to improve
customer experience and efficiency. ers. We have extended capacity in specific processes quality and service. project management. The creation of a Project Man-
Our largest investment was the development of the such as painting, and have opened an engineering Our Faiveley Worldwide Excellence (FWE) program agement Office (PMO) has enabled us to offer a
industrial site at Plzen in the Czech Republic, com- center in Bangalore. is central to our efforts to achieve operational excel- strong cross-divisional center of competencies and
pleted in nine months. The multi-product, state-of- Other transformation projects are ongoing in Germany, lence. It standardizes the way we operate, via the grow our talent in this area of expertise. We have
the-art plant replaces former installations at Blovice, France and Scandinavia, as well as in China, where we Faiveley Management System, which establishes instigated a program to select and pool suppliers
around 20 km away, and increases quality as well as are developing a footprint for our brakes business.  the model and best practices to be used across the at Group level. And we have introduced global gov-
business, and the Internal Control manual, which ernance across our projects that encompasses not
defines our approach to risk. An important part of only financial reviews, but also purchasing, supplier
FWE is certification, which is awarded following an development, and risk identification and ­planning.
audit to confirm a site has met the program’s objec- The result is that project execution has been enhanced
REORGANIZATION COMPLETED
tives. This year, seven sites gained certification. across all Divisions. We have also improved our cash
We also embarked on a series of programs to and inventory management at all critical sites, through
strengthen operational functions and risk manage- the use of monthly reviews and sales forecasts, in turn
ment. New IT tools are being rolled out to harmo- enabling us to improve o ­ n-time delivery. 
Fully China Finance HR business
empowered management organization model
Divisions team staffed deployed underway

20,000 m2 x2 3.4% 7 12
AIM TO DOUBLE
SIZE OF THE NEW PLZEN OUR BUSINESS OF SALES INVESTED SITES CERTIFIED UNDER
SITES USING
MANUFACTURING FACILITY IN INDIA OVER THE IN CAPITAL THE FAIVELEY WORLDWIDE
THE NEW ERP TOOL
IN THE CZECH REPUBLIC 3 YEARS OF THE EXPENDITURE EXCELLENCE PROGRAM
CREATING VALUE PLAN
22 C R E ATI N G VA LU E 23 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Create Develop
INNOVATION IN PRODUCTS AND SYSTEMS HELPS FAIVELEY TRANSPORT WE AIM TO ACHIEVE STEADY, PROFITABLE GROWTH AND OUTPERFORM
MAINTAIN A TECHNOLOGICAL AND COMPETITIVE EDGE. THE RAIL MARKET BY REBALANCING THE BUSINESS TOWARDS SERVICES,
WE SEEK TO MEET CUSTOMERS’ NEEDS FOR ENERGY EFFICIENCY, AND BY FOCUSING ON FOUR PRIORITY REGIONS – CHINA, INDIA,
MASS REDUCTION, SYSTEMS RELIABILITY, AND LOWER COSTS – BOTH FOR NORTH AMERICA AND WESTERN EUROPE. WE ALSO EXAMINE MERGER
ORIGINAL EQUIPMENT, AND THROUGHOUT A PRODUCT’S LIFECYCLE. AND ACQUISITION OPPORTUNITIES.

Faiveley Transport invests around 2% of annual sales want to receive flexible, plug and play solutions from Exploring the potential for mergers and acquisitions engineering services offering, and improving delivery.
in research and development, the majority of which is system suppliers. A good example of how we respond represents a core part of our Develop pillar. The most The aim: to take advantage of opportunities related to
used to develop solutions that meet specific needs to these two needs is Faiveley NeoFlexx® Disc, a brake significant events of 2015-16 therefore relate to the our installed base, and accelerate growth.
expressed by the Group’s existing customers. disc used for coaches, locomotives, regional and high- progress we made in our proposed combination with Our four priority regions are those where we see
We invest in three types of innovation. The first is speed trains. It allows for customization depending on Wabtec (see pg 12-13). growth and, therefore, an opportunity to outperform
“pure” innovation – new products that demonstrate requirements – for example it can be made from steel, Separately, we made progress in further strengthening the rail market. We have developed plans for each of
Faiveley Transport’s technological edge. The second is which offers lower upfront costs, or aluminum, which is our Services division, which saw strong sales growth these regions, won major contracts in 2015-16, and
performance improvements to existing products. The lighter, and offers better thermal properties and dura- and order intake. We structured our organization to believe we are well positioned for large projects com-
third is product development to meet new regulatory bility. An all-new manufacturing process allows for provide local support to customers, expanding our ing to tender. 
requirements. flexible production and logistics, reducing lead time.
The 30-35 year life span of rail products makes Total ESP4C, our new sliding plug door mechanism, also
Cost of Ownership (TCO) an important consideration meets customer needs for flexibility by offering a single
for customers. Energy efficiency and reliability both door architecture for different types of LRVs, metros
impact operating costs, as do ease and cost of main- and regional trains. We have reduced space envelope
tenance. Customers are also interested in innovations by over 50%, and weight by 30%, thereby meeting REGIONAL ORGANIZATION IN SERVICES
that improve configurability. Many of our customers needs for lower TCO. 

Local Customer Greater Faster


support intimacy accountability decisions

FOUR PRIORITY REGIONS

-50% Up to 20% 8.8% 1 2


WESTERN NORTH
EUROPE AMERICA
SPACE ENVELOPE WEIGHT AND WEAR LIKE-FOR-LIKE
REDUCTION REDUCTION WITH FAIVELEY GROWTH IN SERVICES 3 4
WITH ESP4C NEOFLEXX® DISC IN 2015-16
CHINA INDIA
24 C R E ATI N G VA LU E 25 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Grow talent
THE 5,950 MEN AND WOMEN THAT MAKE UP FAIVELEY TRANSPORT
ARE KEY TO OUR SUCCESS. WE ARE FOCUSED ON PROMOTING SHARED VALUES
AND A WORKING ENVIRONMENT THAT INSPIRES COMMITMENT FROM OUR
TEAMS, AND ON IDENTIFYING AND DEVELOPING OUR PEOPLE’S TALENT.

At Faiveley Transport, we recognize the vital role our that our project managers have the skills they need to
employees play in the company’s development, and perform their roles and ensure efficient delivery of pro-
have put them at the heart of our Creating Value 2018 jects. We worked to define a skills profile for project

STRENGTHENING
strategy. managers that included both technical skills and soft
One of the challenges of a large international Group is skills – for example, influencing and communications.
fostering a shared sense of identity and purpose. Last We then assessed our project managers against this tar-

OUR BUSINESS
year, we carried out an in-depth exercise among employ- get profile, and developed individual plans to help them
ees to define the Group’s common values. improve. We also invested in training, offering a program
The result – “Reliable, Collaborative and Passionate” – in project management fundamentals at seven sites dur-
defines what makes us One Faiveley. This is why our ing the year. Our next step is to develop a mobile learn-
efforts in 2015-16 were focused on communicating and ing platform. Our final focus was on talent reviews, as
translating these values, and including them in our per- part of our aim to identify and develop the Group’s future
formance management system. Going forward, we plan leaders. We have now completed the full cycle of talent
to include them in our selection process for new hires. reviews at site, Division and Executive Committee level.
Another major focus during 2015-16 was on reinforcing Going forward, this will enable us to provide people with
our project management capabilities. Our aim: to ensure rewarding career paths, and motivate our key talents. 

FAIVELEY TRANSPORT’S THREE


SHARED VALUES ARE:
RELIABLE, COLLABORATIVE
AND PASSIONATE

Our three Product Divisions – Brakes & Safety, Energy &

7
Comfort, and Access & Mobility – design, manufacture,
RELIABLE COLLABORATIVE PASSIONATE
and market our equipment. Through our Services
We can be counted on. We work as a global We are passionate about
We deliver our team. We listen railways. Passion and Division, we support customers in optimizing the
commitments with to and respect each other. expertise are the pillars
TRAINING ON PROJECT integrity. We are We share of our craft. We build on lifecycle costs of their assets, by providing maintenance
MANAGEMENT accountable and our knowledge and them to address our
trustworthy partners. believe in our collective customers’ needs and spares, and by retrofitting equipment. In China, the
FUNDAMENTALS CARRIED contribution. creatively and swiftly.
OUT AT SEVEN SITES world’s largest rail market, we have brought all our
products and services ­under one roof, to enable our
teams to offer customized solutions. This structure
enabled us to support our customers with specialized
teams across all regions.  
26 S TR E N GTH E N I N G O U R B U S I N E S S 27 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Access
& Mobility 36
PROJECTS TO BE
DELIVERED BETWEEN
2016 AND 2020
1.

 5

 5

1. Glass bonding
EET
on RS10 door leaves,
STR
MA
IN Hosur, India.
 3
 1 Platform doors 2. Door leaf glass fixation,
 2 Automatic platform gates Plzen, Czech Republic.
 3 Access doors
3. Platform Screen
 4  4 Movable step and ramp Doors of metro line 1
 1 for disabled person - before retrofit project -,
 5 Interior doors 2. 3. Lille, France.
 2

Faiveley Transport invests The Access & Mobility Division supplies its competitors. We are able to work within transport systems and reduce weight and doors, including high value projects such target region. Our ambition is to transform
in research and development, manufacturers, operators and railway main- extremely tight space and time constraints. volume. ESP4C, our compact door opera- as the retrofit of line 4 of the Paris metro our facility in the Czech Republic into an
creating innovative products tenance bodies worldwide with a complete In Lille, for example, we successfully fit plat- tor, targets the light rail, metro and EMU/ with RATP, who also awarded us contracts export hub for Europe. We are also devel-
that contribute to our strategic range of passenger access systems and form screen doors for the existing metro DMU markets with a high level of standardi- on line 14. We also won a contract with a oping our industrial footprint in India to
objectives to standardize platform screen doors. line 1 at night, enabling it to open for normal zation using service-proven components. new customer: MHI Transportation Sys- better serve the local market. 
our offer and reduce installation As the market leader in platform screen service during the day. Our new ways of working contributed tems, a subsidiary of Mitsubishi Heavy
time. During 2015-16, doors and automatic gates, we produce We continuously invest in research and to our excellent reliability and track record Industries, who awarded us the screen
we won high-value projects door systems, as well as the surrounding development to produce innovative prod- in delivery. doors contract for line 6 of the metro in
in the growing market glass and metal panels. The external and ucts that reduce installation time and São Paulo, Brazil.
for platform screen doors, internal doors of trains, considered access improve security. Clear-FlowTM, for exam-  A record year for orders Going forward, we expect the market for
as well as major contracts in products, constitute the remainder of the ple, is a higher, safer platform edge barrier. In 2015-16, the Division won several key platform screen doors to flourish, thanks
access doors. Division’s business activity. Designed to facilitate retrofit projects with projects worldwide. In access doors, we to its added value in security and passen-
its use of modular installation, it is able to won contracts for lines 8 and 13 for CRRC ger traffic, as well as its compatibility with
 Leveraging expertise, ensuring reduce installation time by 30%, resulting in in Shanghai, the 93 MTRC trains for CRRC new metro lines and driverless trains.
delivery significant cost savings for customers. in Hong Kong and for DMRC in New Delhi In 2016-2017, we plan to continue our
Retrofitting is an expertise that enables Prototypes for other innovations include as well as contracts in Latin America. We regional development in order to manage
Faiveley Transport to differentiate itself from new door operators able to serve multiple gained record orders in platform screen projects and manufacture locally in every
28 S TR E N GTH E N I N G O U R B U S I N E S S 29 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Brakes Three business units  – Transit Brakes,


Freight and Couplers  –  form the Brakes &
Safety Division. We offer complete braking
ter support customers by offering the right
balance between performance and costs.
This year, we began seeing the benefits of
uct boasts significant market advantages
compared to standard brake discs, thanks
to its reduced weight, longer life cycle and
­ upply of couplers to CRRC Sifang for
s
the Hong  Kong metro, braking systems
for Alstom’s Metropolis metro trains, for

& Safety
systems and safety solutions for all types our investment to standardize and modu- reduced energy consumption. Other inno- use in Sydney, and braking systems and
of rolling stock, and cover the entire brak- larize products. In brakes, our progress vations include the ParkLock® concept, a 10 years’ maintenance for Siemens’ Rhine-
ing command chain in trains. in developing a catalog of standardized compact brake offering superior braking Ruhr Express (RRX) trains in Germany.
While transit system customers require a products, with stringent testing programs force, and a new brake control system. We also received orders for more than
high degree of customization, the freight and protocols, resulted in increased suc- 1,200 UIC integrated freight brake systems,
In 2015-16, the Brakes & Safety sector is characterized by off-the-shelf cess in both transit and freight. In cou-  Developing international markets and it was a record year for orders in the
Division began to reap products. plers, we made significant progress in our Contracts for couplers in India and China, US freight market.
the benefits of its programs modularization program, and started to and activity in the freight sector, demonstrate In 2016-2017, we aim to accelerate local
to standardize and modularize  Implementing the Creating Value see benefits in the form of improved time our progress in meeting customer demands production in Czech Republic and India, to
products, which form part 2018 strategic plan to market and greater competitiveness. with standardized solutions. In addition the benefit of our customers. We are con-
of the Creating Value 2018 Improved efficiency at all project levels, We believe strongly in technical differentia- to existing contracts in India, we were fident that we will continue to benefit from
strategic plan. We also reduced greater standardization and increased tion and see Research and Development awarded a series of contracts for the Kochi the positive trend in orders in both brakes
time to market and increased competitiveness were our main objectives as key to better serving our customers. and Lucknow Metro Projects with Alstom. and couplers, an extremely active mar-
market competitiveness with in 2015-16. For example, in Brakes Transit, In partnership with Swiss Federal Rail- We are also supplying braking systems to ket in India, and continued fleet renewals
enhanced localized solutions and a single tender team of system engineers ways (SBB), we put Faiveley NeoFlexx® Bombardier as part of a wider contract in ­in Europe. 
manufacturing for our customers. and costing experts was created, to bet- Disc into operation this year. This prod- Delhi. Other major contracts included the

 1 Couplers and/or Draw gear


 2 Buffers and self lubricated buffers
 3 Air Generation and Treatment Unit
 4 Brake Control (Pneumatic, electro-
pneumatic and electronic)
 5 Brake frame
 6 Wheel and axle mounted discs
 7 Disc and tread brake units
 2
 8 Magnetic track brake
 9 Sanding  3
 10 Pantograph Compressor  5  1

 7

 10  9
 6
 8
2.
 4
 1

4
 5
EET
STR
MAIN

1. Coupler trial testing, NEW PLATFORMS


Hosur, India.
Contracts included braking
2. Wheel Mounted Discs systems for four new platforms
(WMDs) Induction, by Alstom, Siemens and
1. Witten, Germany. Bombardier
30 S TR E N GTH E N I N G O U R B U S I N E S S 31 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

-10%
ENERGY SAVING
THANKS TO
OUR ECOPARK®

Energy
SOLUTION
1. Auxiliary power
converter wiring,
La-Ville-aux-Dames, France.

& Comfort
2. HVAC final assembly,
Hosur, India.
3. Pantograph assembly
Plzen, Czech Republic. 1.

 1  6
 5 '

0
Einfg +

 6
Enter

 6
 2
 4
 3
7:0
3  6
Pa
ris

 7
 6
 1 Pantograph
 5  7
 2 Energy meter  5
EET
STR
 3 Switch MA
IN

 4 Auxilliary power
converter 3.
 5 Heating, Ventilation
and Air Conditioning
 6 Driving Aid
and recording
 7 CCTV and passenger
information 2.

In a competitive market, The Energy & Comfort Division brings 2015-2016. The Group confirmed its posi- We are also supplying HVAC for Alstom’s on added-value solutions that increase trains, provides attractive energy and cost
Faiveley Transport seeks to together two product groups related to a tion as global market leader in HVAC new MP14 Paris metro trains, and Stadler energy efficiency and lower Total Cost savings. Other solutions include lighter,
provide added-value solutions train’s energy management chain: Heating, systems, supplying customers in Swit- Rail Group’s EC250 EuroCity high-speed of Ownership. In 2015-16, we created a space-saving pantographs, as well as cus-
for customers that optimize Ventilation and Air Condition (HVAC), and zerland, Germany, France, Belgium, India, trains. cross-business Energy Efficiency Centre tomizable software for video vigilance and
total cost of ownership, Power & Information (auxiliary inverters, China, Russia and the United States. One Of Competence. We work with clients to event recorders.
notably by improving energy pantographs, switches, CCTV and event key contract included the supply of HVAC  Innovating to meet customer needs collect and analyze data relating to equip- Looking ahead, we see opportunities in
efficiency. We focus on recorders). systems for Boston metro MBTA to Chi- With customers increasingly demand- ment and use, before proposing custom- Asia Pacific and in the US. We also plan
research and development to By identifying and developing synergies nese manufacturer CRRC, the world’s ing local content, Faiveley Transport has ized solutions to optimize and reduce to develop further in Turkey and Rus-
create technical differentiation between products, the Division helps cus- largest rolling stock manufacturer, in its adopted a “glocal” strategy, focusing on their energy consumption. We make use sia. We believe our technical expertise,
and meet customer needs. tomers increase energy efficiency, reduce first project in the United States. customer proximity and regional produc- of service-proven technologies, such as global business presence, and expertise
energy consumption, cut maintenance Other major contracts for new platforms tion while upholding global standards. In inverter integrated solutions, heat pumps, in energy efficient solutions will differenti-
costs, and decrease weight and space took advantage of product synergies. addition to our existing footprint in Europe, and CO2 sensors regulating fresh air entry ate us from competitors, and enable us to
envelope. Our ability to meet Bombardier’s require- China and the United States, we have and heat recovery, as well as our own pat- meet customer needs. 
ments for reduced weight and space begun manufacturing in Hosur, India, and ented innovations. With HVAC systems, for
 Major wins on new platforms envelope enabled us to win the contract are investigating production opportunities example, accounting for up to 40% of a
Against the backdrop of a competitive to supply auxiliary inverters and cabin in Turkey, Brazil and Russia. train’s energy consumption, our EcoPark® *Contracts to supply auxiliary inverters were signed
during the 2015-2016 financial year. The contracts for all
market, we won significant contracts in HVAC systems for 355 M7* train cars. Our response to price pressure is to focus solution, currently being tested on SNCF other elements were booked in the first quarter of 2016-17.
32 S TR E N GTH E N I N G O U R B U S I N E S S 33 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

Services The Services division supports customers


with long-term maintenance of their original
equipment, including optimization solutions
and spare parts. Already the largest of the
linked to our focus on customers. We
have adapted our organization to provide
better local support. No longer centered
on business units, our new regional
needs together to help them simplify their
supply chain and logistics.

 Targeting excellence in delivery


turnaround times to reduce the overall
duration of repairs and overhauls.
Increasingly, we are developing partner-
ships with customers. These are frequently
five divisions, Services achieved like-for-like organization brings better customer Similarly, we have strengthened our teams focused on innovation, such as our part-
sales growth of +9% in 2015-16. This strong understanding and faster decisions. and are working much more closely with nership in Switzerland with SBB to bring
growth was the result of record order vol- We are also increasing localization to our customers’ supply chains on demand Faiveley NeoFlexx® Disc into operation.
umes the previous year, particularly on large improve our reactivity and turnaround management and forecasting. Our aim is to We are also developing digital services, for
Services saw strong overhaul programs in the UK, Australia and time for repair and overhaul projects: maximize sales of parts, by driving excel- example cloud services for ATESS black
momentum in 2015-16, in line the US. Key orders include services to sup- examples include new sites in Morocco, lence in delivery. Cuts to lead times for box users, and real time CCTV streaming
with our ambition outlined in port sales of the Faiveley NeoFlexx® Disc; UK, Australia and Turkey. spares have been significant with strong for buses.
our Creating Value 2018 a 10-year contract for supply and over- We are improving the value we bring cus- cooperation with customers. For exam- Going forward, we see clear opportuni-
strategic plan to become a haul of parts for Siemens new Rhine-Ruhr tomers via proactive sales strategies. ple, we have worked in partnership with ties to develop our Services business,
one-stop shop for customers. Express trains; and an overhaul contract for As a result of customer visits, we better SNCF to reduce lead times to two weeks addressing our installed base systemati-
Improved delivery, more X40 trains operated by SJ in Sweden. understand their needs and expectations, for a list of products, resulting from strong cally and proactively as a one-stop shop,
1. Maintenance proactive sales strategies, and enabling us to develop new services. We alignment between our supply chains. The able to address all products with a single
of the SW4 distributor,
Amiens, France. a new regional organization  Developing customer proximity are developing overhaul kits adapted to contract also represents the first step in our point of contact for customers, and to pro-

2. Brake disc inspection


that better serves customer Our ambition for growth in Services forms customers’ specific programs, for exam- shift to a distribution model with 48-hour pose innovative services focusing on ben-
Ashford, UK. needs were key to this success. part of our strategic plan, and is intimately ple, and bundling all their spare parts delivery targets. We are also working on efits for customers. 

Our services

Installation Commissioning Preventive & Upgrades Remote diagnostic


and training corrective and predictive
1. maintenance maintenance

45%
OF GROUP SALES Reliability Friction pair Energy Saving Overhauls
NOW REPRESENTED and maintainability
BY SERVICES 2.
studies
34 S TR E N G HTE N I N G O U R B U S I N E S S 35 FA I V E LE Y TR A N S PO R T  ACTI V IT Y R EPO R T 2 015/16

China
4.
2.

1. HVAC components assembly,

19,000
Shanghai, China.
2. Door leaf painting,
Shanghai, China.
3. Door leaf glass bonding,
Shanghai, China. KILOMETRES
4. Door operator assembling, OF HIGH-SPEED RAIL
1. 3. NETWORK IN CHINA
Shanghai, China.

China has become a major Faiveley Transport launched its China ing LRV market by providing a pantograph in the United States. We have preferred new products for locomotive platforms of training. In addition to developing prod-
player in the global railway Divi­sion in 2014 in response to customer solution for Suzhou’s second LRV line. In supplier status with CRRC, especially in such as the DMU 215, a future platform for uct and marketing training, our employee
sector, with the world’s largest demand for products and services in metro, total, we are equipping 36 trains in Suzhou door systems, pantographs and HVAC, the global market. Our locomotive control engagement program brings a competitive
high-speed rail network, high-speed rail and locomotive systems. with our pantographs. and continue to work in partnership with units, certified by local Chinese authori- edge to our hiring efforts.
and the number one rolling As a supplier for China’s largest metro sys- the world’s largest train manufacturer. ties, are accepted by all platforms. Moving forward, we continue to adapt to
stock manufacturer. This year, tems, including the Shanghai, Beijing, Har-  Expanding abroad, adapting locally In the high-speed rail sector, we have sus- the local market with our localization initi-
our China Division optimized bin, Guangzhou, Changchun, and Wuhan Our Chinese manufacturing expertise is tained development in the growing Chi-  Focus on operational excellence atives, inciting sales and marketing teams
services, remained competitive metros, as well as Hong Kong's MTR, we recognized abroad, in North America, nese market. We currently offer braking Since the launch of the “China Quality to consistently update market intelligence
and won several key contracts. are well positioned in the domestic market. South America, South-East Asia and systems that are undergoing homologa- Year” program in April 2015, we improved and develop acquisition strategies. We
We also invested in employee Major contracts won domestically included Europe. We won major contracts to sup- tion for new high-speed platforms. In 2015, local customer satisfaction by focusing on also invest in research and development
training and research and couplers and door systems for 744 cars of ply parts manufactured in Shanghai for our Brakes & Safety Division was success- quality standards in products, processes, to focus on strategic local projects that
development. the Hong Kong Metro and access doors the New Delhi and Kochi Metro Projects fully approved for homologation on three delivery and services. boost our current position in the Chinese
for Shanghai line 8 and 13. In another in India. Chinese-made trains (CRH3G, CRH3A Our intensive training programs, available market. 
significant achievement, we provided the In October 2015, we were awarded a mile- and CRH2-250). on all sites, as well as a dedicated learn-
door system for the first driverless metro stone contract to supply HVAC systems for For the locomotives segment in six-axle ing campus in Beijing, allow us to increase
lines in Beijing Yanfang line. We are also China Railway Rolling Stock Corp (CRRC) and eight-axle generations, we have main- overall quality awareness. Each employee
well positioned as a pioneer in the grow- in its first project for the Boston metro line tained a strong presence and developed now benefits from a minimum of 20 hours
36 S TR E N G HTE N I N G O U R B U S I N E S S

A WORLDWIDE
PARTNER CENTRES OF COMPETENCE SALES BY
GEOGRAPHIC REGION
COMMERCIAL SITES

PEOPLE
57%
EUROPE
 RODUCTION AND
P
EUROPE MAINTENANCE SITES 22%
ASIA-PACIFIC

22  19  20%


AMERICAS
12  3,592 1%
REST OF THE
WORLD

ASIA-PACIFIC WORKFORCE
BY GEOGRAPHIC REGION
AMERICAS 20  14 60%
EUROPE
1,639
10  9
28%
720 ASIA-PACIFIC

12%
AMERICAS

SALES BY DIVISION
45%
SERVICES
NEARLY

6,000 €1,105 56 sites 23%


BRAKES & SAFETY

Design and layout:


EMPLOYEES IN 24 COUNTRIES MILLION SALES INCLUDING:
14%
52 COMMERCIAL SITES ACCESS Writing : IMPACT Communications.
42 PRODUCTION & MOBILITY
3d Illustration: Manuel Bortoletti.
AND MAINTENANCE SITES
12 CENTRES OF COMPETENCE 18% Photos credit: Christophe Recoura,
ENERGY & COMFORT Patrick Sordoillet.
Limited liability company governed by
a Management Board and a Supervisory Board
with share capital of €14,614,152.
3, rue du 19 Mars 1962
92230 Gennevilliers – France
Tel.: +33(0)1 48 13 65 00
Fax: +33(0)1 48 13 65 54
www.faiveleytransport.com
E-mail: info@faiveleytransport.com