EQS-News

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. 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 €40 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.

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