Vossloh buoyed by fastening systems growth

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Rail technology specialists Vossloh has reported an increase in sales in 2012, with the group’s fastening systems division experiencing growth of 10.9 per cent.

Total revenue rose to 1.2 billion euros last year and at December 31, 2012 the group’s order book stood at a record 1.6 billion euros.

Vossloh is now predicting sales to grow by between five and 10 per cent in 2013.

Werner Andree, chief executive of Vossloh AG, said: “Demand for modern rail technology is growing steadily and globally, driven by the gaining significance of climate-friendly mobility facilities and the worldwide mega trend of urbanisation. Vossloh is also benefiting from this demand.

We have consolidated our position in the core market of Western Europe and early on taken extensive measures to branch out in the growth markets elsewhere.

“We have consolidated our position in the core market of Western Europe and early on taken extensive measures to branch out in the growth markets elsewhere.”

The rail infrastructure division stepped up its sales by 1.7 per cent to 792.4 million euros, accounting for 64 per cent of the group’s turnover.

The company’s fastening systems and switch systems businesses saw some of the sharpest increases, with sales rising 10.9 per cent and 4.2 per cent respectively.

Growth in fastening systems has been attributed to the resumption of rail fastener shipments in China and higher sales in Kazakhstan, Germany, and the USA.

Conversely, Vossloh Rail Services suffered from slumping sales.

Major new orders, including contracts for 15 UKLIGHT locomotives for the UK and 22 trams for Brazil, have also helped boost the group’s transportation division.

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