EQS-News: Vossloh Aktiengesellschaft
/ Key word(s): Incoming Orders
Deutsche Bahn and Vossloh expand their cooperation in preventive rail maintenance
Werdohl, September 12, 2023. Vossloh and Deutsche Bahn AG's railway infrastructure manager, DB Netz AG, are continuing their successful cooperation in the field of preventive rail maintenance with the HSG (High Speed Grinding) technology developed by Vossloh. Following the successful collaboration in the current year, the scope of high-speed grinding for 2024 has now been extended by 1,000 kilometers to at least 13,000 kilometers. The focus of the work will again be on the most heavily used lines of the German rail network, the so-called high-performance network. In addition to the actual grinding work, DB Netz AG has again ordered the use of extensive digital measurement and analysis technology. During the crossing, important condition data is collected and evaluated in real time, and relevant information can be visualized in a web-based application, including concrete recommendations for action. This creates the basis for a transition from time-based to condition-based maintenance. "The importance of preventive and condition-based maintenance measures cannot be overstated. They are a crucial step toward higher track availability, which in turn is a mandatory prerequisite for shifting more traffic to rail and thus supporting the achievement of ambitious climate protection targets," says Oliver Schuster, CEO of Vossloh AG. "At Vossloh, we have built up a unique understanding of the rail track, which we are increasingly using also with the aid of digital offerings to develop tailored solutions for our customers. We are pleased to continue our successful and trusting cooperation with Deutsche Bahn and to enable more green mobility in Germany," adds Schuster. The globally unique grinding process for preventive maintenance of the rail network allows an operating speed of more than 80 km/h on mainline tracks. This allows Vossloh machines to "float along" with freight traffic at night, for example, making line closures obsolete. The grinding program can be individually adapted to the respective track condition. Under the current contract, for example, additional cross-sectional optimization has been carried out on some sections of track. Heike Junge-Latz, Member of the Board of Management responsible for Plant and Maintenance Management at DB Netz AG, adds: "We expect passenger and freight traffic volumes to continue to rise in the coming years, and we are constantly upgrading our network in response. The size of the German high-performance network will almost triple to over 9,200 kilometers by 2030. By means of prevention using HSG technology, for instance, we will further increase the reliability of our network."
Contact details for the media: Contact details for investors: 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 financial year 2022, Vossloh generated sales revenues of €1,046.1 million with around 3,800 employees.
12.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | 1723571 |
End of News | EQS News Service |
|
1723571 12.09.2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.