Vossloh Aktiengesellschaft: Vossloh wins major contract in Turkey for the supply of rail infrastructure components

Vossloh Aktiengesellschaft: Vossloh wins major contract in Turkey for the supply of rail infrastructure components

EQS Group


DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
01.12.2021 / 10:00
The issuer is solely responsible for the content of this announcement.*Vossloh wins major contract in Turkey for the supply of rail infrastructure components*

· *New double-track high-speed line connects the cities of Bandirma, Bursa and Osmaneli*
· *Contract covers supply of 147 turnouts and additional track materials *
· *Turkey plans extensive expansion of high-speed network in the next few years*

*Werdohl, December 1, 2021. *Vossloh, a long-established and world-leading supplier of rail infrastructure products and services, has been awarded an economically significant order for 147 turnouts of different geometries plus spares and additional track materials. The customer is the Kalyon Group, a leading Turkish construction company for infrastructure projects. The project will connect the cities of Bandirma, Bursa and Osmaneli in the northwest of Turkey. The plan is to build a double-track high-speed line which will enable speeds of up to 250 km/h and substantially shorten travel times for people and goods. Deliveries of Vossloh products are scheduled to take about four years, starting in 2022.

"We are honored to contribute to the success of this important project with our leading technology and our vast global experience. Especially for high-speed lines, the highest product quality and the perfect interaction of the individual track components are crucial. For this reason, I am particularly pleased that the Kalyon Group has placed its trust in Vossloh. The order once again impressively underlines our international competitiveness and strong position, in particular in the important Turkish market," says Oliver Schuster, CEO of Vossloh AG.

Turkey intends to carry out further large-scale infrastructure projects in the coming years. The expansion of the rail network, and in particular the high-speed network, is a key priority. Several projects have already been put out to tender and others are currently in the planning phase. In recent years, Vossloh has already equipped several high-speed lines in Turkey with rail fastening and switch systems, including the Ankara-Konya high-speed line.*Contact information for the media:*
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
Email: presse@vossloh.com

*Contact information for investors:*
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: investor.relations@vossloh.com

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 * www.vossloh.com
Company 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

01.12.2021 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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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: investor.relations@vossloh.com
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1252995
End of News DGAP News Service

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