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Vossloh AG
Regulatory Filings • Dec 14, 2021
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Regulatory Filings
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Corporate | 14 December 2021 10:00
Vossloh Aktiengesellschaft: Vossloh wins another major order from China for rail fastening systems
DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
14.12.2021 / 10:00
The issuer is solely responsible for the content of this announcement.
Vossloh wins another major order from China for rail fastening systems
- Order value of over €30 million
- Deliveries largely planned for 2022
- Contract award underpins unchanged strong market position in the high-speed market in China
Werdohl, December 14, 2021. Vossloh has again been awarded with a contract for the supply of rail fastening systems required for the construction of a high-speed railway line in southern China. The rail fastening systems are largely scheduled for delivery in 2022 and are thus an important driver for organic growth next year. The order has a volume of more than €30 million and is proof of the company’s continued strong position in one of the world’s most important railway markets.
“China already has the largest high-speed network in the world and plans to expand it significantly over the coming years. The need for fast and sustainable mobility to connect the numerous metropolitan areas in this huge country is constantly increasing,” says Oliver Schuster, CEO of Vossloh AG. “For 15 years now, our products in China have stood for innovation, maximum reliability and excellent quality. We are honored that we can continue our unique success story in China with the order we have now won,” Schuster adds.
The Chinese high-speed network currently covers almost 40,000 kilometers and is growing rapidly. By 2030 the existing network is to be expanded to over 70,000 kilometers. The Vossloh Group has been represented in China since 2006. The subsidiary Vossloh Fastening Systems China Co. Ltd. based in Kunshan employs around 120 people and is one of the leading local suppliers of rail fastening systems, particularly for use on high-speed lines.
Contact information for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
Email: [email protected]
Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: [email protected]
Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh’s comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about €870 million with approximately 3,500 employees.
*Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
Company headquarters: Werdohl, Germany * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall*
14.12.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Vossloh Aktiengesellschaft |
| Vosslohstr. 4 | |
| 58791 Werdohl | |
| Germany | |
| Phone: | +49 (0)2392 52 – 359 |
| Fax: | +49 (0)2392 52 – 219 |
| E-mail: | [email protected] |
| Internet: | www.vossloh.com |
| ISIN: | DE0007667107 |
| WKN: | 766710 |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1257620 |
| End of News | DGAP News Service |