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 is rapidly growing, and we expect this joint venture to be a catalyst that will enable us to participate in that growth over time', said Wabtec President & CEO Albert J Neupaver.
