Vossloh to Raise Revenue Outside West Europe, Handelsblatt Says

Vossloh AG, a German maker of railroad equipment, plans to increase sales outside western Europe to more than 40 percent of the total next year, compared with 15 percent in 2007, Handelsblatt reported, citing Chief Technology Officer Norbert Schiedeck.

Development of cargo-transfer and city transport systems in China, and installation of temperature-resistant tracks in Russia, offer growth potential for the company, according to the report.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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