Wabtec joint venture wins first China order
Written by William C. Vantuono, Editor-in-ChiefWabtec Corp. announced Tuesday that it has formed a joint venture in China known as Wabtec Golden Bridge Transportation Technology to manufacture couplers for transit systems. The joint venture’s first order is a $7 million contract to provide couplers for subway cars for the Hangzhou Metro line in Zhejiang province.
The other partner in the venture is Hangzhou Golden Bridge Railway Equipment Co., Ltd., which Wabtec said offers operational and marketing expertise in the Chinese transit market.
“With this JV and its first contract, we have continued to increase our presence in China, one of the fastest-growing rail markets in the world,” said Albert J. Neupaver, Wabtec’s president and chief executive officer. “This rapidly growing market offers significant growth potential, as we develop ways to leverage our technology and product expertise.”
