Vossloh Fastening Systems China Co. Ltd. Secures Major Contract for Chinese High-Speed Rail Project

Vossloh Fastening Systems China Co. Ltd. Secures Major Contract for Chinese High-Speed Rail Project

(IN BRIEF) Vossloh, a key player in rail infrastructure solutions, has reinforced its foothold in the Chinese market with a significant contract awarded to its subsidiary, Vossloh Fastening Systems China Co. Ltd. The contract entails supplying rail fastening systems for a section of a high-speed line connecting Jinan to Binzhou in eastern China’s Shandong province, along with four new stations, including one at Jinan Yaoqiang International Airport. Valued at over €20 million, the order underscores the trust Chinese stakeholders place in Vossloh’s products. Oliver Schuster, CEO of Vossloh AG, expressed pride in contributing to the expansion of China’s high-speed network, emphasizing the company’s 18-year presence in China and its commitment to environmentally sustainable mobility solutions. With the Chinese high-speed rail network set to expand significantly, Vossloh Fastening Systems China Co. Ltd., with its 130 employees in Kunshan, stands as a prominent local supplier for rail fastening systems, especially for demanding applications on high-speed lines.

(PRESS RELEASE) WERDOHL, 3-Jun-2024 — /EuropaWire/ — Vossloh (ETR: VOS), a leading global rail technology company, announces that its stronghold in the Chinese market sees another robust reinforcement as its Chinese subsidiary, Vossloh Fastening Systems China Co. Ltd., secures a significant contract for supplying rail fastening systems. This deal is earmarked for a section of a high-speed line currently in construction, linking Jinan, the bustling capital of Shandong province, with Binzhou, situated approximately 120 kilometers northeast. Among the notable stops along this route are four freshly minted stations, including one nestled within Jinan Yaoqiang International Airport.

The contract, valued at over €20 million, underscores the unwavering trust Chinese stakeholders place in Vossloh’s products. Oliver Schuster, CEO of Vossloh AG, remarks, “This latest order win underscores the immense confidence Chinese market participants have in our products.” He highlights the company’s longstanding presence in China spanning 18 years, marked by a dedicated subsidiary boasting its own production facility and a sterling reputation. Schuster adds, “We are proud to once again play a pivotal role in advancing the world’s largest and most advanced high-speed network and fostering eco-friendly mobility in the region.”

Currently spanning over 43,000 kilometers, China’s high-speed rail network is poised for expansion, with plans to reach over 70,000 kilometers by 2035. Vossloh Fastening Systems China Co. Ltd., headquartered in Kunshan, boasts a workforce of approximately 130 employees and stands as a premier local provider of rail fastening systems, particularly catering to the stringent demands of high-speed lines.