CNTT Chinese New Turnout Technologies Go., Ltd., which was equity participated by Voestalpine VAE and Voestalpine BWG, the two companies under Voestalpine AG, acquired over EUR80m order from China’s most important railway project (Beijing-Shanghai high-speed rail project) to provide high-speed switching turnouts, with contract period of two years.
Through this order, CNTT Chinese New Turnout Technologies Go., Ltd. ensures its share in the high-speed rail net expanding project promoted by Chinese government. The order also proves the market’s trust for Voestalpine’s switching technical capacity and reliability.
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