ONTARIO — June 21, 2023: PCM RAILONE Canada Corporation and Rainbow Concrete Industries Ltd. are proud to announce their joint venture partnership to bring innovative railroad infrastructure solutions to Canada. The partnership which will be further known as RAILONE RAINBOW Canada Corporation aims to deliver high-quality, reliable, and sustainable products and services that will meet the demands of the Canadian rail industry.
PCM RAILONE Canada Corporation is a subsidiary of the internationally renowned and family-owned PCM RAILONE Group. RAILONE has been manufacturing concrete railway ties for mainline and urban rail transport for over 60 years as well as offered customized solutions in engineering and plant construction. RAILONE’s reliable products and systems have been installed in Canada for the past five years in, for example, the REM project in Montréal, the Hurontario project in Toronto, and other railway lines in Western Canada. Rainbow Concrete Industries Ltd., also family-owned, is a leading provider of ready-mix concrete and precast concrete products for over 70 years in Canada, with its head office located in Sudbury. Both have joined forces to strengthen the Canadian market with their expertise and to further focus on the market by delivering high-quality railway infrastructure solutions that meet the needs of the industry.
With a shared commitment to sustainability, the joint venture will also work towards reducing the environmental impact of the rail industry in Canada.
"We are thrilled to announce our partnership with Rainbow Concrete Industries Ltd. We have been delivering our products from our RAILONE factory in the USA to several projects in Eastern Canada. It is a logical step and a continuation of our North American strategy to set up a production close to our customers. Having a strong and reliable local partner on our side gives us even more confidence to successfully focus on the developing market," said Saurav Mittal, CEO of PCM RAILONE Canada Corporation.
RAILONE RAINBOW Canada Corporation will offer a range of high-tech concrete railway ties and ballastless track systems for urban transit as well as high-speed application. In addition to engineering services for railway infrastructure projects, the product portfolio will also include different turnout solutions.
For more information about RAILONE, visit www.railone.com, or directly get in touch with us: Saurav Mittal, CEO, at saurav.mittal@railone.com, or Mark Butler, CFO, at mark.butler@railone.com.
