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Mitsui Rail Capital (MRC) is a rolling stock leasing company. It was established by the Japanese conglomerate Mitsui & Co, the company's main activities have been the purchase, renting, and leasing of railway freight cars and locomotives.
MCR has been active in various parts of the globe; local subsidiaries such as Mitsui Rail Capital Latin America and Mitsui Rail Capital Europe BV (MRCE) were established to operate in the South American and European markets respectively. Rolling stock has typically been acquired directly from their manufacturers, however, other means of expanding the company's operations have been pursued on occasion, such as the acquisition of Siemens Dispolok in 2006. By 2022, MCR operated a fleet of 332 electric locomotives.
During 2023, Mitsui & Co were bought out of MCR's ownership and the company was rebranded as Modern Rail Capital to reflect this change. Later that same year, MCRE were sold to, and promptly integrated with, the British rolling stock leasor Beacon Rail. As a result, the company has undergone considerable restructuring during this time.