Vossloh receives another major order to supply rail fastening systems in
China
EQS-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh receives another major order to supply rail fastening systems in
China
08.05.2024 / 13:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Vossloh receives another major order to supply rail fastening systems in
China
* Systems serve the construction of two high-speed lines
* The order is valued at the equivalent of around EUR40 million
* Deliveries planned from 2025
Werdohl, May 8, 2024. Vossloh has once again been awarded a contract to
supply rail fastening systems in connection with the construction of two
high-speed lines in China. One of the two lines connects the megacity of
Xining with the metropolis of Chengdu, which has developed into the most
important economic metropolis in western China alongside Chongqing. The
second line runs between Lanzhou, the capital of Gansu province, and the
city of Hezuo in the south-east of the province.
Vossloh Fastening Systems China Co. Ltd., Vossloh AG's subsidiary based in
Kunshan, China, will be responsible for the execution of the order.
Deliveries are scheduled from 2025.
Oliver Schuster, CEO of Vossloh AG, says: "Our high quality, innovative
strength and systems expertise are long appreciated in China. Our technical
expertise in the construction of high-speed lines is leading worldwide. I am
pleased about the trust placed in Vossloh by our customers in China, which
is once again underlined by the award of this important order."
China has a high-speed rail network of just over 43,000 kilometers and plans
to expand it significantly: It is set to grow to over 70,000 kilometers by
2035. The Chinese subsidiary Vossloh Fastening Systems China Co. Ltd. has
around 130 employees and is one of the leading local suppliers of rail
fastening systems, particularly for highly sophisticated applications on
high-speed lines.
Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
E-Mail: Presse@vossloh.com
Contact details for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: I nvestor.relations@vossloh.com
Vossloh is a global technology group that has stood for quality, safety,
customer focus, reliability and innovation for around 140 years. With its
comprehensive range of products and services for the rail track, Vossloh is
one of the world market leaders in this field. Vossloh offers a uniquely
broad range of products and services under one roof: Rail fastening systems,
concrete ties, switch systems and crossings as well as innovative and
increasingly digital-based services for the entire life cycle of rails and
switches. Vossloh uses its systemic understanding of the track to address
the central customer need of "rail track availability".
Vossloh products and services are in use in more than 100 countries. With
around 75 Group companies in almost 30 countries and over 40 production
locations, Vossloh is active locally worldwide. Vossloh is committed to
sustainable corporate governance and climate protection and makes an
important contribution to the sustainable mobility of people and goods with
its products and services.
The Group's activities are divided into three divisions: Core Components,
Customized Modules and Lifecycle Solutions. In the 2023 financial year,
Vossloh generated sales revenues of EUR1,214.3 million with around 4,000
employees.
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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Germany
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: investor.relations@vossloh.com
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1898845
End of News EQS News Service
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1898845 08.05.2024 CET/CEST