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International Railroad Discussion > Grindrod Locomotives liquidation AuctonDate: 10/06/17 16:12 Grindrod Locomotives liquidation Aucton Author: jmt South African conglomerate Grindrod Limited, is liquidating Grindrod Locomotives Pty Ltd, after the subsidiary had losses of US$108 million over 3 FY
The Company was widely advertised, retrenched managers and staff are saying that Chinese and Russians were observed tyre kicking, but no offers The Pretoria shops, in a former steel rolling mill are rented, so the entire contents, plus locos not needed by Grindrod's (still profitable) loco hire businesses are listed for sale 3 page list http://www.clearasset.co.za/auction/view/170?&p=1 Grindrod Locomotives (incorporating RRL acquired in 2014) assembled a total of 103 mainline locos 2011-2016 using kits supplied by NRE. 99 had 16-645, plus 4 with 7FDL-12 for Colombia. Some plated RRL, others Grindrod or NRE. Also 20+ critters, some with AC traction, which became gensets, when coupled in pairs, or triples 10 of these AC/AC part of a cancelled lease agreement with French logistics operator Bollore Group for use in Cameroon and Ivory Coast are interesting Photo credit Grindrod Limited Date: 10/06/17 17:49 Re: Grindrod Locomotives liquidation Aucton Author: jmt The units for Colombia had 7FDL-12 engines with a EMD AR10 alternator
In transit in South Africa Photo credit Vanguard South Africa Date: 10/06/17 17:56 Re: Grindrod Locomotives liquidation Aucton Author: jmt Date: 10/06/17 18:10 Re: Grindrod Locomotives liquidation Aucton Author: jmt Date: 10/07/17 08:05 Re: Grindrod Locomotives liquidation Aucton Author: Waybiller Interesting, at one time SITARAIL was very intent on standardizing on EMD products.
Date: 10/07/17 16:38 Re: Grindrod Locomotives liquidation Aucton Author: BobP Luv that tow truck warning sign.
Date: 10/11/17 09:20 Re: Grindrod Locomotives liquidation Aucton Author: CPRR BobP Wrote:
------------------------------------------------------- > Luv that tow truck warning sign. Dr. Frederick Frankenstein: "Are you saying that I put an abnormal brain into a seven and a half foot long, fifty-four inch wide GORILLA?" Date: 10/12/17 15:08 Re: Grindrod Locomotives liquidation Aucton Author: ns1000 Interesting pics!!
Date: 10/27/17 07:06 Re: Grindrod Locomotives liquidation Aucton Author: march_hare I love that slogan "efficiency redefined". Maybe I'm being too cynical, but I've witnessed the "redefinition" of efficiency several times in my career, generally after "real" efficiency had proven too difficult to achieve.
Date: 10/28/17 14:14 Re: Grindrod Locomotives liquidation Aucton Author: jmt Auction finalised, actual buyers still to be identified
There was a very detailed report on pricing circulated on a SA group Only 4 of the (new/unused) GL30SC-AC (first photo above) sold @ US$335k each, the other 6 did not meet reserve All other locos sold Ex Australian G12C fetched US$153k, with GL26C realising around the US$150k figure Realignment of private operators in South Africa rapid, with Sheltam, controlled by London managed private equity funds, re-branding to move into the void http://www.railwaygazette.com/news/business/single-view/view/traxtion-group-targets-african-rail-market.html |