on Vossloh AG (isin : DE0007667107)
Vossloh Wins New €20 Million Order for Chinese High-Speed Rail
Vossloh Aktiengesellschaft has secured another significant order for its rail fastening systems in China. The order, valued over €20 million, will support a new high-speed rail line connecting Jinan and Binzhou. Deliveries are expected primarily in the second half of 2024.
Oliver Schuster, CEO of Vossloh AG, highlighted the trust placed by Chinese partners in Vossloh's products. The company has been active in China for 18 years, boasting a strong local presence through its subsidiary Vossloh Fastening Systems China Co. Ltd., which employs around 130 people in Kunshan.
The new high-speed rail line will connect several stations, including a new one at Jinan Yaoqiang International Airport. This project marks another step toward China's goal of expanding its extensive high-speed rail network from 43,000 to 70,000 kilometers by 2035.
R. P.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Vossloh AG news