Wabtec Signs $21M Contract To Provide Bogies For Freight Cars In Mauritania

Wabtec Corporation WAB signed a $21 million contract with SNIM, the National Industrial and Mining Company of Mauritania, to provide bogies for new iron ore freight cars. SNIM operates a railway and various mining operations in Mauritania. Under the contract, Wabtec's Standard Car Truck subsidiary will provide bogies and related spare parts for the cars, which will help SNIM increase its iron ore shipments significantly over the next three years. Wabtec expects to complete deliveries of the components in 2014. Albert J. Neupaver, chairman and chief executive officer of Wabtec, said: "This contract demonstrates the global scope and capabilities of our freight rail operations. We believe Wabtec will continue to benefit as countries around the world continue to invest in their freight transportation systems and infrastructure." Wabtec Corporation is a global provider of technology-based products and services for rail and industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.