Texmaco-Wabtec joint venture commences production of value-added products for railways

Wabtec Texmaco Rail has commenced production of specialised and value-added products for Indian Railways at Belgharia in West Bengal.

The company is a joint venture between United States-based Wabtec Corporation and Texmaco Rail & Engineering. Wabtec Corporation holds 60 per cent stake in the JV and Texmaco Rail, the balance 40 per cent.

Located adjacent to Texmaco Rail’s Belgharia facility, the Kolkata unit will serve as the manufacturing home to Wabtec’s leading global product lines in freight and locomotive brake shoes, truck mounted brakes and cushioning systems.

According to an ET report, the JV entity will help bring the latest generation of safety & control equipment and systems for Indian Railways.

Image Credit : static-news.moneycontrol.com

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