Vossloh wins another major order from China for rail fastening systems
Vossloh has again been awarded with a contract for the supply of rail fastening systems required for the construction of a high-speed railway line in southern China.
- Order value of over €30 million
- Deliveries largely planned for 2022
- Contract award underpins unchanged strong market position in the high-speed market in China
The rail fastening systems are largely scheduled for delivery in 2022 and are thus an important driver for organic growth next year. The order has a volume of more than €30 million and is proof of the company's continued strong position in one of the world's most important railway markets.
"China already has the largest high-speed network in the world and plans to expand it significantly over the coming years. The need for fast and sustainable mobility to connect the numerous metropolitan areas in this huge country is constantly increasing," says Oliver Schuster, CEO of Vossloh AG. "For 15 years now, our products in China have stood for innovation, maximum reliability and excellent quality. We are honored that we can continue our unique success story in China with the order we have now won," Schuster adds.
The Chinese high-speed network currently covers almost 40,000 kilometers and is growing rapidly. By 2030 the existing network is to be expanded to over 70,000 kilometers. The Vossloh Group has been represented in China since 2006. The subsidiary Vossloh Fastening Systems China Co. Ltd. based in Kunshan employs around 120 people and is one of the leading local suppliers of rail fastening systems, particularly for use on high-speed lines.
www.vossloh.com
