CHINA: Wabtec Corp and Shenyang Locomotive & Rolling Stock Railways Brakes Co have established Shenyang CNR Wabtec Railway Brake Technology Co as a 50:50 joint venture producing pneumatic control valves and other braking equipment for the Chinese rail market.
'We expect to have a strong impact on the Chinese market through the joint venture's advanced technology, lean production and high-quality products', said Fang Zhijian, Chairman & President of the Chinese partner.
USA: Wabtec Corp announced on March 24 that it is to supply components worth $75m for a further 382 R160 metro cars being built for New York. The vehicles were ordered from Alstom and Kawasaki last November in a $784m second option exercised by New York Metropolitan Transit Authority. ...
CHINA: Beijing Wabtec Huaxia Technology has been established as a joint venture of US firm Wabtec and Beijing Huaxia United Friendship New Technology of Electrification Development Co, a local supplier of rail braking components. The company will manufacture friction products for the customers in China. 'The Chinese market ...
USA: On December 8 Wabtec Corp said it had completed the $300m acquisition of Standard Car Truck announced on September 15. SCT expects to report sales of $225m in 2008, and Wabtec said it expects the transaction to be accretive in the first year, although the recognition of non-cash, purchase ...
