Vossloh won the third contract to deliver rail fastening systems for the expansion of the Chinese high-speed network. The value of this contract is EUR 20 million, bringing the total value of all contracts to EUR 85 million.
The fastening systems are produced for the line connecting the cities Weifang and Laixi in the Shandong Province in Northeast China. The deliveries are almost entirely scheduled for 2019, and thus support Vossloh’s current assumption that the expected sales in China in 2019 will be on the same level as in 2018.
A substantial increase in sales in China compared to the current fiscal year is then expected in 2020.
In November, the company won a EUR 35 million contract to supply rail fastening systems for the planned high-speed line between Ganzhou, in south-eastern China, and Shenzhen, a city directly bordering Hong Kong.
The contract won in April has a value of EUR 30 million under which Vossloh will supply rail fastening systems for a sub-section of the route currently under construction from Zhengzhou, in eastern China, to Wanzhou, a district of Chongquing, located southwest of Zhengzhou.