Wabtec Signs $21 Million Contract To Provide Bogies For Freight Cars In
WILMERDING, Pa., July 15, 2013
WILMERDING, Pa., July 15, 2013 /PRNewswire/ --Wabtec Corporation (NYSE: WAB)
signed a $21 million contract with SNIM, the National Industrial and Mining
Company of Mauritania, to provide bogies for new iron ore freight cars. SNIM
operates a railway and various mining operations in Mauritania.
Under the contract, Wabtec's Standard Car Truck subsidiary will provide bogies
and related spare parts for the cars, which will help SNIM increase its iron
ore shipments significantly over the next three years. Wabtec expects to
complete deliveries of the components in 2014.
Albert J. Neupaver, chairman and chief executive officer of Wabtec, said:
"This contract demonstrates the global scope and capabilities of our freight
rail operations. We believe Wabtec will continue to benefit as countries
around the world continue to invest in their freight transportation systems
Wabtec Corporation is a global provider of technology-based products and
services for rail and industrial markets. Through its subsidiaries, the
company manufactures a range of products for locomotives, freight cars and
passenger transit vehicles. The company also builds new switcher and commuter
locomotives, and provides aftermarket services. The company has facilities
located throughout the world.
Tim Wesley Phone: 412.825.1543 Wabtec
E-mail: firstname.lastname@example.org 1001 Air Brake
Website: www.wabtec.com Wilmerding, PA
SOURCE Wabtec Corporation
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