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Wabtec Venture To Make Brake Equipment In China

Stock quotes in this article: WAB  

WILMERDING, Pa. (AP) — Railroad-equipment supplier Wabtec Corp. said Tuesday it established a joint venture in China to manufacture brake equipment for the Chinese rail market.

The joint venture company, Shenyang CNR Wabtec Railway Brake Technology Co. Ltd., will produce pneumatic-control valves and other braking equipment for freight car builders and overhaulers in China.

Financial terms of the 50-50 joint venture were not disclosed. ...

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