Wabtec Corporation has formed a joint venture in China to manufacture couplers for the Chinese transit market.
The joint venture, which is formed of Wabtec Golden Bridge Transportation Technology Company and Hangzhou Golden Bridge Railway Equipment Co, has already received its first order, a $7m contract to provide couplers for subway cars for the Hangzhou Metro Line in Zhejiang Province.
Wabtec president and chief executive officer Albert J Neupaver said that the company had increased its presence in China, one of the world's fastest-growing rail markets.
"This rapidly growing market offers significant growth potential as we develop ways to leverage our technology and product expertise," Neupaver said.
