Vossloh is awarded a major contract by the Chinese Ministry of Railways
Subject to possible objections, Vossloh Fastening Systems (China) Co. Ltd. has been awarded a major contract through the Chinese Ministry of Railways for the supply of high-speed rail fastener systems. The volume of this latest deal totals around €140 million, shipments essentially to take place in 2011. The related agreements will be signed within the coming weeks. The fastener systems are intended for the major portion of the Lanzhou–Urumqi line in northwestern China. In 2009, Vossloh had already been awarded a megacontract for fitting out the Beijing–Shanghai line.Werdohl, August 23, 2010
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Vossloh AG
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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 Transportation (previously “Motive Power&Components”) operate under the roof of MDAX-listed Vossloh AG. In fiscal 2009, a good 4,700 employees generated sales of over €1.17 billion and an EBIT of €137.9 million.