Wabtec Corporation (NYSE: WAB) has inaugurated its new manufacturing campus in Rohtak, India, marking a significant milestone in the company’s expansion. The $18 million (Rs. 150 crore) investment underscores Wabtec’s commitment to enhancing its production capabilities and meeting the growing…
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…
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…
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…
Upon successful validation and testing of the SIBS, Glencore intends to progressively deploy the SIBS across its fleet of Volvo FMX Trucks globally Advanced Braking Technology Limited (ABT) has entered into an agreement with Glencore Australia Holdings Pty Ltd (‘Glencore’)…
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…
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…
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…
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…
Source: Wabtec announcement PITTSBURGH, Penn. – Wabtec Corporation (NYSE: WAB) announced it secured an order from the Hyundai Rotem Company to supply several key components on train cars for Singapore Mass Rapid Transit’s (MRT) new Jurong Region Line. The company…
Source: Wabtec announcement PITTSBURGH, Penn. – Wabtec Corporation’s new Metroflexx brake system was certified by TÜV SÜD, an independent, testing and certification authority. Metroflexx is Wabtec’s next-generation braking systems for the mass transit rail industry. The TUV certification validates the…
Source: Wabtec announcement PITTSBURGH — Wabtec and RATP, Paris region operator as well a major international public transport operator, announced a partnership to test Wabtec’s innovative “Green Friction” braking solution. The test will study the solution’s ability to improve air…
Source: Advanced Braking Technology report PERTH –Advanced Braking Technology (ABT) continued to report strong growth for the 2020 financial year as the Specialist brake manufacturer continued its turnaround. Revenue for the Australian company was up 22 percent to $9.08 for…
Source: Advance Braking Technology announcement PERTH, Australia – Advanced Braking Technology (ABT) Limited has entered into a Technology License Agreement with VEEM Ltd. for VEEM to manufacture and supply ABT’s specialized park brake mechanism for Thales’ Hawkei Protected Mobility Vehicle…
Source: Advanced Braking Technology announcement PERTH – Advanced Braking Technology Limited (ABT) has appointed Ben Suda as both the Director of Sales and Marketing and a member of the ABT Executive Management team. The appointment of Suda follows a competitive…
PERTH, Australia – Advanced Braking Technology Ltd. (ABT) announced strong third-quarter (fiscal year 2020- FY20) results and relative strong ongoing business, despite Covid-19’s impact on the overall business world. The Perth-based company saw sales of $1.91 million, an increase 23…
Source: Pittsburgh Post-Gazette WILMERDING, Penn. – Wabtec Corp. has agreed to pay $37 million to settle a class-action case stemming from a yearslong no-poach agreement between the North Shore-based rail products firm and its foremost competitor. If approved by the…
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…
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…
Source: Advanced Braking Technology Limited Wangara, Australia – Advanced Braking Technology Limited (ABT) is pleased to advise that following a successful tender process it has received an order for Failsafe Driveline brakes from the Department of the Environment and Energy.…
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…
From The Pittsburgh Business Times PITTSBURGH, PA–In its second quarter 2019 earnings call Tuesday morning, Pittsburgh-based Wabtec Corp. (NYSE: WAB) reported several affects seen since the closing of the merger between Wabtec and GE Transportation in February. In the combined…
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…
ERIE, PA.–After months of negotiations, Wabtec Corp. (NYSE: WAB) and the United Electrical, Radio and Machine Workers of America union locals 506 and 618 finally reached a tentative agreement. The company and the union workers at its Erie facility have…
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…