Faiveley penetrates the Russian market and wins a contract with PTMZ, a Russian tramway car builder from St. Petersburg.
The contract to supply 36 pantographs in 2008 includes possible repeat annual orders with a growing potential of delivering up to 100 parts a year.
This is a particularly significant win as Faiveley looks forward to signing more contracts in Russia and post Soviet republic markets in the year 2008-2009.
After 2 years in operation, Faiveley Transport Platform Doors & Gates, have proven daily operation levels of above 99,6% in Beijing, China,