Andritz to Supply Train Wheel Production Line in Russia
29 Settembre 2020 - 10:00AM
Dow Jones News
By Olivia Bugault
Andritz Ag said Tuesday that it has signed a contract with
Allegro, which is a joint venture between the U.K.'s Evraz PLC and
RailService, to supply a production line for train wheels in
Russia.
"The main part of the contract is expected to be booked in
mid-2021, with the first consignment being scheduled for delivery
in the first quarter of 2022," the Austrian engineering company
said.
With the new production line, which will be supplied by Andritz
subsidiaries ANDRITZ Maerz and Schuler AG, Allegro will be able to
produce 200,000 train wheels per year, and up to 300,000 with an
additional extension. Production is expected to start in the fourth
quarter of 2022, it added.
Andritz didn't disclose the financial details of the deal.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
September 29, 2020 03:45 ET (07:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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