Vossloh wins another major order for rail fastening systems in China

• Order relates to the construction of a new high-speed line on the Chinese east coast
• Order value equivalent to nearly €40 million
• Deliveries in 2022 and 2023

Vossloh, a long-established and world-leading supplier of rail infrastructure products and services, has further strengthened its position in the important high-speed rail market in China. The order, worth nearly €40 million, covers rail fastening systems for the construction of a new 200-kilometer high-speed rail link between the cities of Laixi and Rongcheng in the eastern Chinese province of Shandong. Deliveries will start already in the current year and will continue until 2023. The construction project will be designed for speeds of up to 350 km/h and will significantly reduce travel time between the two cities.

"The order is once again a sign of confidence in the technological competence and high quality of our products. We are honored to make a major contribution to the fast and safe transportation of millions of people every day in China for more than a decade," says Oliver Schuster, Chief Executive Officer of Vossloh AG, adding: "With this important order, the sales planned for 2022 in the high-speed segment in China are already fully secured by orders on hand. For us, this is a further reason to look to the future with great confidence."

The Chinese high-speed rail network currently covers just under 40,000 kilometers and is growing rapidly: In 2030, it is to be extended to over 70,000 kilometers. The Vossloh Group has been represented in China since 2006. The Kunshan-based subsidiary Vossloh Fastening Systems China Co. Ltd. employs around 120 people and is one of the leading local suppliers of rail fastening systems, especially for use on high-speed lines.