Monday, January 11, 2010

Portec Rail gains strength in China

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Pittsburgh-based Portec Rail Products announced that it has won its first order in China for its Fault Detection product group. Portec already has a growing demand in China for its Friction Management products.

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"These orders for a variety of our products reflect the success of our efforts to enter the expanding Chinese rail infrastructure system," said Portec Rail President and Chief Executive Officer Richard Jarosinski. "We have focused our efforts on participating in key industry forums and in-country trade shows and in the publication of research papers and promotion of customer visits to North America. All of these activities have resulted in significant progress towards making Portec Rail Products, Inc. a meaningful brand name in the Chinese rail system marketplace, which we hope will continue to grow in stature as our products and services become more widely used."

Jarosinski said the Chinese rail market offers significant growth potential in both heavy-haul freight and passenger service, with the recent announcement that China will be spending a record $120.6 billion on expansion this year."