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Braking joint venture

08 Apr 2009

CHINA: Wabtec Corp and Shenyang Locomotive & Rolling Stock Railways Brakes Co have established Shenyang CNR Wabtec Railway Brake Technology Co as a 50:50 joint venture producing pneumatic control valves and other braking equipment for the Chinese rail 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', said Fang Zhijian, Chairman & President of the Chinese partner.