škoda 2024

Vossloh wins further order for rail fastening systems in the Chinese high-speed network

posted on 4th Jun 2024 09:43

Vossloh has further strengthened its market position in China. Its subsidiary Vossloh Fastening Systems China was again commissioned to supply rail fastening systems for a section of a high-speed line currently under construction. The line will connect the metropolis of Jinan, capital of the eastern Chinese province of Shandong, with the major city of Binzhou, some 120 km to the northeast. In between are four other stations that will be newly built, including one at Jinan Yaoqiang International Airport. 

The order has a sales volume equivalent to more than 20 million EUR. Deliveries of the rail fastening systems are mainly scheduled for the second half of 2024. "This latest order win illustrates how much confidence Chinese market participants have in our products. We have been operating in China for 18 years now with a subsidiary including our own production facility and have built up an excellent reputation," says Oliver Schuster, CEO of Vossloh AG.

The Chinese high-speed network currently covers just over 43,000 km and is planned to be expanded to over 70,000 km by 2035. The subsidiary Vossloh Fastening Systems China based in Kunshan has around 130 employees and is one of the leading local suppliers of rail fastening systems, particularly for highly demanding applications on high-speed lines. 

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