voestalpine Railway Systems sets course for Egypt
voestalpine Railway Systems and Egyptian National Railways (ENR) earlier this month joined forces to produce high-quality switches at ENR’s existing factory in Cairo. According to voestalpine, the cooperation is a stepping stone to further activities in Egypt, which it describes as “the most dynamic rail market on the African continent”.
Extensive investments will be made in the Egyptian rail network in the coming years, the construction of an 1,800-kilometre-long high-speed network chief among them. “The goal of the partnership is to locally produce high-performance turnouts for Egypt’s national railways and to jointly develop ENR’s existing site into a modern and highly productive turnout plant”, said voestalpine, itself a manufacturer of complete rail infrastructure systems.
Herbert Eibensteiner, CEO of voestalpine commented: “For voestalpine, the joint venture with ENR is an important next step that allows us to expand into a particularly dynamic market of the future and it once again confirms our international expertise in the railway infrastructure sector. We will continue to focus on high-tech segments with the highest quality standards, and drive innovation together with our local customers.”
Franz Kainersdorfer, member of the Board of Directors at voestalpine, adds: “By entering into this partnership, we are expanding our global manufacturing network to produce near our customers in Egypt. We are successfully continuing our strategy of setting up local turnout production facilities in strategically important markets.”