Vossloh Fastening Systems won a EUR 40 million contract to deliver rail fastening systems for high-speed lines in China.
They will be used for the new-built high speed line connecting the cities Hangzhou and Taizhou, in south of Shanghai.
The deliveries are to be started in 2019 but are mainly expected from 2020 onwards.
“The Vossloh Group has started the fiscal year 2019 with high order intakes. This new order from China continues this trend and underscores again strongly our continued good market positioning in the high-speed segment for fastening systems in the Chinese market. Since the first major order in fiscal year 2018, the order backlog in the Chinese company of the business unit has more than tripled,” Andreas Busemann, the CEO of Vossloh AG said.
In 2018, Vossloh had won three major orders in China with a total value of EUR 85 million, most of these deliveries will also occur after 2019.
Kunshan-based Vossloh Fastening Systems China is one of the locally rail fastening systems providers for China’s high-speed railway lines.
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