Toshiba wins 6 bil. yen order for train equipment systems in Brazil

Toshiba Corp. said Thursday it has an order to deliver electrical equipment systems for trains operated in suburban Rio de Janeiro for about 6 billion yen.

The Japanese electrical machinery manufacturer said it will supply propulsion, train monitoring and other systems for 60 trains between September this year and December 2014 to a consortium of two Chinese companies.

Toshiba sees Brazil as an important emerging market that is likely to see major growth in the coming years as it promotes a growth acceleration program including investment in electricity generation and transmission and upgrades of its transportation network ahead of the World Cup next year and the Summer Olympics in 2016.