CHINA: The launch of Hunan CSR Wabtec Railway Transportation Technology Co to manufacture and service braking equipment for the Chinese passenger rolling stock market was announced by Wabtec and Zhuzhou CSR Times Electric Co on June 1.
The companies have formed the joint venture after previously working together in what Wabtec President & CEO Albert J Neupaver described as 'one of the fastest-growing rail markets in the world'. Wabtec has a number of joint ventures in China, producing braking equipment, friction products, couplers and heat exchangers.
