Additional major order from China for rail fastening systems
Vossloh has won another tender for the delivery of rail fastening systems in China. The supplier is the Chinese company in the Fastening Systems business unit in the Core Components division. After the order in April, this is the second major order won in the high-speed sector in China this year, which underscores the strong market position of Vossloh in this segment. In April, Vossloh won the tender for the “Zheng Wan Chongqing section” project with an equivalent volume of approximately €30 million.
The new order encompasses an equivalent volume of approximately €35 million. The fastening systems are intended for a section of the planned high-speed line between Ganzhou in south-eastern China and Shenzhen, a city directly bordering Hong Kong. Based on current information, the rail fastening systems for both of these orders are scheduled for delivery beginning in 2020. A substantial increase in sales in China compared to the current fiscal year is thus not expected before 2020.
Vossloh has been present in China since 2006. Kunshan-based Vossloh Fastening Systems China Co. Ltd. is one of the locally leading providers of rail fastening systems for use on high-speed lines. At 23,000 kilometers (as of the end of 2017), China possesses the largest and most modern high-speed network in the world. Additional high-speed projects are under construction or in the planning stage, and should expand the rail network to 38,000 kilometers by 2025.
Werdohl, November 19, 2018
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Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. The Group activities in the area of rail infrastructure are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2017 fiscal year, Vossloh achieved sales of about €920 million in its core business, with more than 3,900 employees.