US railroad equipment supplier Wabtec has entered into a joint venture that will secure its position in the Chinese market, the second-largest rail industry behind the US.
Wabtec has entered into a 50-50 joint venture with locomotive manufacturer Shenyang Locomotive and Rolling Stock Railways Brakes to form Shenyang CNR Wabtec Railway Brake Technology Company.
The joint company will manufacture pneumatic control valves and brake-related equipment for freight car builders and overhaulers in China.
Shenyang Locomotive and Rolling Stock Railways Brakes chairman and president Fang Zhijian, said that the partnership should result in high-quality products for the domestic market.
"We expect to have a strong impact on the Chinese market through the joint venture's advanced technology, lean production and high-quality products," he said.
