Vossloh Aktiengesellschaft: Vossloh signs major framework contract for the supply of concrete sleepers in Australia

(MENAFN- EQS Group) DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
25.10.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

Vossloh signs major framework contract for the supply of concrete sleepers in Australia

• Customer Queensland Rail continues modernization of its wide-ranging rail network
• Framework agreement runs for three years, sales volume in the order of €15 million

Werdohl, October 25, 2021. Vossloh, a long-established and world-leading supplier of rail infrastructure products and services, has again secured major orders through its Australian subsidiary Austrak. Over the next three years, Vossloh will be supplying concrete sleepers from its plant in Rockhampton (Queensland) to Queensland Rail (QR), the state-owned railway company that operates the 6,600 km rail network in the Australian state of Queensland. With the aim of continuously improving the performance and increasing the reliability of the rail network, QR is continuing with its extensive track modernizations. The successive replacement of wooden sleepers with new, more durable concrete sleepers will play an important role in this.

"We are very pleased that we will continue our long-standing business relationship with Queensland Rail under the framework agreement we have now won. This is an impressive vote of confidence on the part of our customer and consolidates our leading market position in Australia" says Jan Furnivall, Chief Operating Officer of Vossloh AG.

Founded in 1980 and headquartered in Brisbane (Queensland), Austrak Pty Ltd. employs around 140 people and has been part of the Vossloh Group since December 2018.

Contact information for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
Email:

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email:

Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh's comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about €870 million with approximately 3,500 employees.

Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * headquarters: Werdohl, Germany * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall

25.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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