CFR IRLU was set up in 2001, when CFR Marfa outsourced its engine repair operations. The company provides locomotive maintenance, overhaul and upgrade works for local and foreign railway operators.
According to Finance Ministry data, this division of CFR Marfa ended 2013 with a turnover of RON86.1 million, a loss of RON32.1 million and 1.710 employees. CFR IRLU had debts of RON96 million at the end of 2013.
CFR Marfa SA is the leading railway freight carrier in Romania, with a market share of nearly 55% at the end of last year.
The company is undergoing restructuring after a failed privatization attempt last year and is laying off 30% of its employees.