06/03/2024
Vossloh wins further order for rail fastening systems in the Chinese high-speed network
- Order value more than €20 million
- Deliveries mainly expected in the second half of 2024
Vossloh has further strengthened its excellent market position in China. The Chinese subsidiary Vossloh Fastening Systems China Co. Ltd. was again commissioned to supply rail fastening systems for a section of a high-speed line currently under construction in China. The line will connect the metropolis of Jinan, capital of the eastern Chinese province of Shandong, with the major city of Binzhou, some 120 kilometers to the northeast. In between are four other stations that will be newly built, including one at Jinan Yaoqiang International Airport.
The order has a sales volume equivalent to more than €20 million. Deliveries of the rail fastening systems are mainly scheduled for the second half of 2024.
"This latest order win illustrates how much confidence Chinese market participants have in our products. We have been operating in China for 18 years now with a subsidiary including our own production facility and have built up an excellent reputation," says Oliver Schuster, CEO of Vossloh AG, adding: "We are proud to once again make an important contribution to the development of the world's largest and most modern high-speed network and to promote environmentally friendly mobility there."
The Chinese high-speed rail network currently covers just over 43,000 kilometers and is planned to be expanded to over 70,000 kilometers by 2035. The Chinese subsidiary Vossloh Fastening Systems China Co. Ltd. based in Kunshan has around 130 employees and is one of the leading local suppliers of rail fastening systems, particularly for highly demanding applications on high-speed lines.
Werdohl, June 3, 2024
Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
Email:
presse@vossloh.com
Contact details for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email:
investor.relations@vossloh.com
Vossloh is a global technology group which for around 140 years has stood for quality, safety, customer focus, reliability and innovative strength. With its comprehensive range of rail-related products and services, Vossloh ranks among the world market leaders in this sector. 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 "availability of the rail track".
Vossloh products and services are in use in more than 100 countries. With some 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 with its products and services makes an important contribution to the sustainable mobility of people and goods.
The Group's activities are organized into the three divisions Core Components, Customized Modules and Lifecycle Solutions. In the 2023 financial year, Vossloh generated sales revenues of €1,214.3 million with around 4,000 employees.