OAO Vossloh Fastening Systems RUS has opened a production site in Engels, Russia, a 4,000 square meters plant in the district Saratov, with a EUR7.7 million needed investment for its construction and equipment. This is the most modern production facility for rail fastening systems in Russia.
Vossloh Fastening Systems RUS 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 OAO BetEITrans.
A total of 26 jobs will be created at the new production site in Engels. The German-Russian technology alliance has a particular focus on modernization projects for the rail network of the Russian Railways. With the involvement of local companies, the system components, which are primarily EPDM and plastic components as well as screws, will be completely manufactured in Russia.
“In establishing our joint venture with OAO 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, OAO BetEITrans,” Andreas Busemann, CEO of Vossloh AG said.
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