Vossloh Fastening Systems (China) Co. Ltd. wins megaorder from China’s Ministry of Railways
Subject to possible formal objection, Vossloh Fastening Systems (China) Co. Ltd. has been awarded a high-speed rail fastener system megacontract from China’s Ministry of Railways. The contract is worth a total of around €170 million and shipments will be made between 2009 and 2011. The necessary agreements will be signed within the coming weeks. Vossloh has been contracted to equip most of the Beijing–Shanghai rail link.Düsseldorf, June 16, 2009
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Today's Vossloh is a global player in the rail technology markets. The Group focuses on its core businesses of rail infrastructure, rail vehicles, and electric buses. Reflecting this focus, Vossloh's two divisions of Rail Infrastructure and Motive Power&Components operate under the roof of MDAX-listed Vossloh AG. In fiscal 2008, almost 4,700 employees generated sales of over €1.2 billion and an EBIT of €137.7 million.