€30 million order won for rail fastening systems in China
With its Group company Vossloh Fastening Systems China Co. Ltd., Kunshan, Vossloh has won another tender for the supply of rail fastening systems in China. The order amounts to a converted volume of about €30 million, underscoring the continued strong market position of Vossloh with rail fastening systems in the high-speed segment in the focus market China.
A sub-section of the route currently under construction from Zhengzhou, in eastern China, to Wanzhou, a district of the megacity Chongquing, located southwest of Zhengzhou, is to be equipped. Deliveries for the so called “Zheng Wan Chongqing section” project are primarily scheduled for 2019.
Vossloh has been present in China since 2006. Kunshan-based Vossloh Fastening Systems China Co. Ltd. is one of the locally leading providers of rail fastening systems for use on high-speed lines. In China, the world’s largest and most modern rail network is located. Since the end of 2017, more than 23,000 kilometers of track for high-speed trains have been in operation. Additional high-speed projects are under construction and should expand the rail network to 38,000 kilometers by 2025.
Werdohl, April 19, 2018
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Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2017 fiscal year, Vossloh achieved sales of about €920 million with over 3,900 employees.