Axion lands another Russian tie order
Written by Douglas John BowenAxion International Holdings, Inc. said Tuesday, Oct. 7, 2014, it has "received a purchase order for ECOTRAX® rail ties to be shipped and installed in Russia's [rail] system. This is the company's fourth order from Russia, signifying strong international demand."
The order, which consists of 1,000 rail ties, was sold to Axion’s in-country distributor and business partner, TVEMA, an international group of companies based in Moscow whose subdivisions are involved in the design, manufacture, and project development of rail diagnostic equipment. During the past two years, Axion has been working diligently with TVEMA to introduce composite rail ties in Russia, the company said.
Axion Vice Chairman Steve Silverman said, “We are delighted with our relationship with TVEMA and the traction we received through the continuous and consistent purchase orders from Russia. Russia is the second largest rail network in the world and it is notable that they are rapidly adopting our technology.”
Russia’s railway system operates over right-of-way totaling 85 million kilometers (about 52.8 milion miles), “making it the second largest rail network in the world,” Axion said.
Axion last May received a third purchase order from Russia of its ECOTRAX® rail ties, and the second from a Moscow-based transit system.
