Vossloh's gateway to India
Majority stake in turnout manufacturerVossloh Cogifer, in association with the Indian company Patil Rail Infrastructure Ltd., has acquired the Indian turnout manufacturer, Hyderabad-based JS Industries Private Ltd., in which it now holds a 51-percent majority stake.
"This acquisition is the gateway to a country whose rail network ranks among the biggest worldwide and plays a lead role in India's economic development," emphasized Vossloh AG's CEO Burkhard Schuchmann while pointing to this nation's ambitious modernization program that will in future lead to mushrooming demand for products and technology.
Werdohl, November 3, 2004
For more information contact:
Christiane Konrad, Vossloh AG,
phone (+49-02392) 52-249