26.10.2017
Vossloh starts modern production site of rail fastening systems in Russia
- German-Russian joint venture with local added value
- Focus of the technology alliance is the modernization of the Russian railroad network
- High-ranking guests from politics and business present at the opening ceremony
Today, AO Vossloh Fastening Systems RUS opened a production site in Engels, Russia. The company was founded in 2014 and is a joint venture between Vossloh-Werke GmbH, which belongs to the Fastening Systems business unit, and the Russian company AO BetEITrans. The now-opened 4,000 square meters plant in the district Saratov, which had approximately 500 million rubles (converting to approximately €7.7 million) invested in its construction and equipment, is the most modern production facility for rail fastening systems in Russia.
A total of 26 jobs will be created at the new production site in Engels. The German-Russian technology alliance offers local customers premium-quality system components for the rail superstructure, with a particular focus on modernization projects for the rail network of the Russian Railways (RZD). With the involvement of local companies, the system components, which are primarily elastomer and plastic components as well as screws, will be completely manufactured in Russia.
The opening ceremony in Engels attracted intense interest among leading representatives of the political and business communities. Those present included the President of RZD, Oleg Belozerov, the Governor of the district Saratov, Valeriy Radaev, and the main shareholder of AO BetEITrans, Igor Tschaika. Andreas Busemann, CEO of Vossloh AG: “In establishing our joint venture with AO BetEITrans in 2014, we have already created the ideal foundation for improving access to the challenging Russian market. Now, the start of new production in Russia represents an additional major step for Vossloh’s continued growth in this important market. We are looking forward to further collaboration with our experienced business partner, AO BetEITrans.”
Werdohl, October 26, 2017
Contact information for media:
Dr. Thomas Triska
Phone: +49 (0) 2392 52-608
Email:
presse@vossloh.com
Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email:
investor.relations@vossloh.com
Vossloh is active in railway technology markets worldwide. The company’s core business is railway infrastructure. In addition, the Group is involved in the locomotive business. The Group activities are organized into the four divisions of Core Components, Customized Modules, Lifecycle Solutions and Transportation. In the 2016 fiscal year, Vossloh achieved sales revenues of about €930 million with slightly more than 4,000 employees.
About Vossloh Fastening Systems
Vossloh Fastening Systems is a worldwide leading provider of rail fastening systems, which are used in more than 65 countries. The screw-fastened and maintenance-free elastic systems are suitable for all applications: ballasted and slab tracks, mainline and conventional lines, high-speed lines, heavy haul and public transport.
About AO BetElTrans
AO BetElTrans (BET), which was founded in 2008, is the main supplier of concrete ties and switch ties for RZD and its subsidiaries. With a production capacity totaling 10.4 million ties, BET currently accounts for approximately 90% of the market segment for concrete ties in Russia.