Another major order from China for Vossloh rail fastening systems
Vossloh has won another order for the delivery of rail fastening systems for the expansion of the Chinese high-speed network. The supplier is the Chinese company in the Fastening Systems business unit in the Core Components division. After the orders in April and November, this is already the third major tender won in China this year, impressively underscoring the strong market position of Vossloh in the high-speed segment in China.
This new order encompasses a volume of approx. €20 million. The fastening systems are produced for the line connecting the cities Weifang and Laixi in the Shandong Province in Northeast China. The deliveries are almost entirely scheduled for 2019, and thus support Vossloh’s current assumption that the expected sales in China in 2019 will be on the same level as in 2018. A substantial increase in sales in China compared to the current fiscal year is then expected in 2020.
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. At about 25,000 kilometers, China possesses the largest and most modern high-speed network in the world. Additional high-speed projects are under construction or in the planning stage, and should expand the rail network to 38,000 kilometers by 2025.
Werdohl, December 6, 2018
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Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. The Group activities in the area of rail infrastructure 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 in its core business, with more than 3,900 employees.