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EQS-News: Vossloh Aktiengesellschaft
/ Key word(s): Incoming Orders
Vossloh secures another major contract for the delivery of rail fastening systems in China
Werdohl, June 7, 2023. Vossloh has again received a major order to supply rail fastening systems for the construction of a high-speed line in China. The line connects the two cities of Xiong'an in Hebei Province in the north and Shangqiu in the central Chinese province of Henan. The order has a sales volume equivalent to almost €50 million and underlines Vossloh's continued strong market position in the important Chinese market. With a planned route length of over 600 kilometers and speeds of up to 350 km/h, this line will make a significant contribution to improving the mobility of the population and to the economic development of the region. The deliveries of the rail fastening systems will mostly take place in 2024. "The contract is further proof of the trust and recognition we enjoy in China," says Oliver Schuster, CEO of Vossloh AG, adding: "This order confirms our technological excellence and our ability to provide innovative and reliable fastening solutions that can withstand the highest loads. Vossloh has been making a significant contribution to the development of modern and sustainable transport infrastructure in China for 17 years now." The Chinese high-speed network currently covers just over 40,000 kilometers and is set to grow significantly further. By 2035 it is expected to have been extended to over 70,000 kilometers. The Vossloh Group is represented in China, among others, by its subsidiary Vossloh Fastening Systems China Co. Ltd. based in Kunshan. The company employs around 120 employees and is one of the leading local suppliers of rail fastening systems, especially for highly demanding applications on high-speed lines.
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 sleepers, 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 fiscal 2022, Vossloh generated sales of €1,046.1 million with around 3,800 employees. Vossloh AG - Vosslohstrasse 4 - D-58791 Werdohl - Phone +49(0)2392/52-0 - Fax +49(0)2392/52-538 - www.vossloh.com
07.06.2023 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: | 1651795 |
| End of News | EQS News Service |
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1651795 07.06.2023 CET/CEST
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