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Wabtec's Major Rail Brake Contract

Wabtec’s Major Rail Brake Contract

Wabtec Corporation, a prominent player in transportation solutions, has recently announced a significant brake system order from Siemens India Private Limited’s Mobility Business. This substantial order, valued at $157 million, is a key component of the prestigious 9000HP locomotive project…

Wabtec will provide brakes for NYC subway cars

Wabtec Brakes for NYC Subways

PITTSBURGH, — Wabtec Corporation (NYSE: WAB) will provide brakes and couplers for 640 MTA New York City Transit (NYCT) train cars via its client Kawasaki Rail Car, Inc. The multi-million-dollar order for service-proven equipment provides seamless interoperability with other subway…

BETTAPARTS has added a range of ABTEX Brake Hoses

BETTAPARTS Adds ABTEX Brake Hoses

BRADFORD, U.K. — Fras-Le-owned BETTAPARTS has launched a new range of ABTEX Brake Hoses, with the addition of more than 200 new part numbers, as the brand looks to meet increased market demand. “Operating under extreme stress whenever the brakes…

successfully completing delivery of the 1,100th hill hold brake system to Thales for the Hawkei PMV

ABT Adds New Parking Brake for PMV

Source: Advanced Braking Technology Limited announcement WANGARA, Australia — Advanced Braking Technology Limited (ASX: ABV) (ABT or the Company) informed shareholders of an important milestone, successfully completing delivery of the 1,100th hill hold brake system to Thales for the Hawkei…

CEO John Annand will leave ABT immediately

CEO Annand Leaves ABT

Source: Advanced Braking Technology announcement WANGARA, Australia – John Annand has stepped down as chief executive officer (CEO) of Advanced Braking Technology Limited (ASX:ABV, ‘ABT’ or ‘the Company’) effective immediately. According to the company statement, “The Board of ABT advises…

Wabtec has acquired the railway friction business of MASU

MASU RR Friction Business Acquired by Wabtec

Source: Wabtec announcement HOSUR, Tamil Nadu — Wabtec Corporation (NYSE: WAB) has announced it recently acquired the railway friction business from MASU, a leading manufacturer of friction products across the automotive and rail industry. The acquisition, which has received necessary…

Advanced Braking Technology (ABT) announced strong, positive results for FY21

FY21 Results Announced by ABT

Source: Advanced Braking Technology announcement WANGARA, Australia — Advanced Braking Technology Ltd (ABT), the pre­eminent supplier of fail-safe brakes for commercial vehicles in Australia, finished fiscal year 2021 (FY21) with a 15-percent increase in revenues and 263-percent increase in net…

Wabtec has acquired the railway friction business of MASU

Wabtec Breaks Ground for Rail-Brake Factory

Source: Wabtec BOCHUM, Germany — Wabtec Corporation (NYSE: WAB) celebrated the groundbreaking of a 20,000-sqm, state-of-the-art green factory for developing and manufacturing brakes, as well as maintaining brakes and couplers for transit vehicles. Once complete, the new facility in Bochum will…

Advanced Braking Technology (ABT) announced strong, positive results for FY21

ABT Steadies Financial Position

Source: AuManufacturing.com PERTH, Australia – Perth’s Advanced Braking Technology (ABT) has made good progress in the past year in stabilizing the company’s financial position. Chairman Dagmar Parsons told the company’s annual general meeting that the company had undertaken a strategic…

Advanced Braking Technology (ABT) announced strong, positive results for FY21

ABT Receives Order for Failsafe Brakes in Chile

Source: ABT Perth, Australia – Advanced Brake Technology (ABT) Limited (ASX: ABV) has received an order for Failsafe brakes from Minecorp-Chile on behalf of SALFA Chile, a General Motors vehicle dealership. This order achieves an ABT strategic objective of further…

Wabtec has acquired the railway friction business of MASU

What’s Behind Wabtec’s Share Slide?

DETROIT, Mich.–Shares of Westinghouse Air Brake Technologies, or Wabtec  (WAB – Get Report) , slid nearly 6% on Monday after the company received an analyst downgrade on weaker-than-anticipated North American freight rail fundamentals. Shares of Wabtec fell 5.98%, or $4.35, to $68.41…

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Wabtec’s Hepler Jumps To MSA Safety

PHILADELPHIA, PA–MSA Safety Inc. has snapped up Wabtec Corp.’s director of corporate development as the Cranberry-based developer and supplier of safety products accelerates acquisitions. Christopher Hepler, responsible for the rail manufacturer’s global M&A activities since 2015, is now MSA’s executive…

Wabtec Invests in GE 3D Printing For Parts Making

By 2025, Pittsburgh-based rail manufacturer Wabtec Corp. (NYSE: WAB) hopes to make up to 250 product components using additive manufacturing technologies, according to Tim Bader, senior business communications leader for global supply chain and global technology at Wabtec. On Wednesday, the company announced…