Vossloh to open new production plant for rail fasteners in the USA
- Accelerated entry into the world's second-biggest rail infrastructure market
- Local production allows access to public-sector business
- Production startup scheduled for the second half of 2014
Vossloh AG is stepping up its presence on the American continent and opening a production plant for Vossloh rail fastening systems in the USA. The fitting out of the facility will start in the third quarter of 2013, with plant commissioning followed by regular production scheduled to begin after mid-2014. There will be 50 new jobs at the plant in Waco, Texas.
By manufacturing within the USA, Vossloh will be meeting the requirements of the Buy American Act that obligates the US government to give preference to contractors producing in the USA. Being the world's foremost manufacturer of rail fastening systems Vossloh is thus laying the decisive foundations to be eligible for contracts awarded by the public sector. In this way, Vossloh will benefit more intensively from growth in the US rail market, specifically heavy-haul, transit and high-speed lines.
According to the World Rail Market Study published in 2012 by the Association of the European Rail Industry and Roland Berger Strategy Consultants, in the period 2009 to 2011 the NAFTA region was the world's second-biggest rail infrastructure market with an annual accessible volume of €5.5 billion. Over the years ahead, the market volume in the USA, Canada and Mexico is set to again show a steady rate of expansion, rising to annually €5.9 billion in 2015 to 2017. Besides replacement expenditures, funds are planned for the busy freight haulage network as well as sophisticated new high-speed projects and rapid transit lines.
With its two divisions, Transportation and Rail Infrastructure, Vossloh AG has for a number of years been successfully operating on the North American market where it is the third-biggest supplier of switches, turnouts and their components. Vossloh's Transportation division supplies rail vehicle components besides having completed an extensive array of complex bus and light-rail refurbishment projects.
Werdohl, August 28, 2013
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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, Rail Infrastructure and Transportation, operate under the roof of Vossloh AG. In fiscal 2012, around 5,100 employees generated sales of €1.2 billion and an EBIT of €97.5 million.