Wabtec Corp. formed a 50-50 joint venture with Shenyang Locomotive and Rolling Stock Railways Brakes Co., Ltd., the largest manufacturer of locomotive and freight car brake equipment in China, to manufacture brake equipment for the Chinese rail market.
“This investment builds on our existing presence in China, the largest rail market outside of North America,” said Albert J. Neupaver, Wabtec’s president/CEO. “Our capabilities and technology will be valuable assets in this rapidly growing market.”
The joint venture company, Shenyang CNR Wabtec Railway Brake Technology Co., Ltd., will produce pneumatic control valves and other braking related equipment.