Vossloh wins another major order for rail fastening systems in China
Vossloh, a long-established and world-leading supplier of rail infrastructure products and services, has further strengthened its excellent positioning in the Chinese high-speed rail market. For the third time within the last four months, Vossloh has been awarded a contract to supply rail fastening systems for the construction of a new high-speed line. This is the link between the metropolises of Weifang and Yantai, in the eastern Chinese province of Shandong.
The order is worth the equivalent of around €50 million and will be handled by the subsidiary Vossloh Fastening Systems China Co Ltd, based in Kunshan, China. The delivery is scheduled for the years of 2023 and 2024.
"We are very pleased to have won another significant contract in quick succession in a strategically important and highly demanding market. This is further proof of the trust placed in our technological expertise and the outstanding quality of our products," says Oliver Schuster, CEO of Vossloh AG, adding: "The planned sales in the Fastenings Systems business unit in China for the current year are already covered by orders won. With the additional order now won, the sales expected for 2023 in the area of fastening systems for high-speed lines in China are also largely secured. These are excellent prerequisites for achieving our ambitious growth and profitability goals.”
Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh’s comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2021 fiscal year, Vossloh achieved sales of €942.8 million with approximately 3,600 employees.