9/20/2012 11:19:00 AM
NEWS BRIEFS
Vossloh Fastening Systems Part of $77m Contract
Contract worth around €60 million for Vossloh Switch Systems and Vossloh Fastening Systems
Vossloh Fastening Systems to supply fasteners for high-speed ballasted tracks
Vossloh— parent company of Vossloh Switch Systems and Vossloh Fastening Systems — was awarded a €60 million (US$77.6 million) contract with French tracklayers TSO SA and Eurovia Travaux Ferroviaires SA (ETF).
Vossloh will provide rail fastening systems and switch systems for France’s South Europe Atlantic High-Speed Line (SEA HSL) — a high-speed line between Tours and Bordeaux that will shave about an hour of travel time between Paris and Bordeaux. The line could be extended down to Toulouse and into Spain by 2020.
The contract adds to Vossloh Fastening Systems’ high-speed references another ballasted track project.
In early 2012 Vossloh signed a contract for rail fasteners on the first North African high-speed line Tangier-Rabat-Casablanca.
Vossloh Switch Systems will deliver the switches between October 2014 and November 2015.
During the first half of 2012, Vossloh Fastening Systems revenue dropped 17.5% to EUR 114.3 million during the first six months of 2012, hampered by “project delays in China and the related sales shrinkage.”
In 2011, Vossloh’s 5,000 employees generated sales of €1.2 billion and an EBIT of €96.5 million. ©2012 GlobalFastenerNews.com
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Related Links:
• Vossloh
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