Vossloh has landed a major order in China. It is worth several million euros. But something else is also important for the company.
Werdohl - Vossloh has landed another major order in China. The Chinese subsidiary of the Werdohl-based rail technology group, Vossloh Fastening Systems China, has been commissioned to supply rail fastening systems for a high-speed line between the two southern Chinese cities of Yulin and Cenxi. According to the company, the order is worth around 20 million euros.
Chinese vote of confidence in Vossloh: New order worth millions
The 111-kilometer link is considered an important section of China's high-speed network. It is intended to improve accessibility within the Guangxi region and strengthen the connection to the metropolitan areas of Nanning, not far from the Vietnamese border, and Shenzhen near Hong Kong. The line will thus make an important contribution to better regional and international networking, in particular by connecting southern China with the neighboring countries of Southeast Asia, according to a company press release from Vossloh AG. The rail fastening systems are to be delivered before the end of this year.
"The conclusion of the contract confirms our technological expertise and the quality of our products, which meet the highest requirements of modern rail infrastructure projects," Oliver Schuster, CEO of Vossloh AG, is quoted as saying in the company press release. Vossloh is all the more pleased about the new order from its Chinese customers. Schuster sees this as a "vote of confidence, which also makes an important contribution to the implementation of our ambitious goals in the current year." Delays in the delivery of orders for China had recently caused the value of the Vossloh share to fall temporarily.
According to Vossloh, the company has been successfully active in China for almost 20 years, particularly in the expansion of the high-speed rail network. Since 2019, the Werdohl-based company has secured orders worth the equivalent of around 300 million euros. The €20 million order for Vossloh Fastening Systems China has now been added. The Chinese subsidiary, based in the eastern Chinese city of Kunshan, has around 130 employees and is one of the leading suppliers of rail fastening systems in the Asian giant.
