Wabtec Forms Joint Venture to Manufacture Brake Equipment for Chinese Rail Market

Wabtec Forms Joint Venture to Manufacture Brake Equipment for Chinese Rail
Market

WILMERDING, Pa., April 7 /PRNewswire-FirstCall/ -- Wabtec Corporation (NYSE:
WAB) has formed a 50-50 joint venture in China to manufacture brake equipment
for the Chinese rail market. The joint venture is owned by Wabtec and
Shenyang Locomotive and Rolling Stock Railways Brakes Co., Ltd., the largest
manufacturer of locomotive and freight car brake equipment in China.

"This investment builds on our existing presence in China, the largest rail
market outside of North America," said Albert J. Neupaver, Wabtec's president
and chief executive officer. "Our capabilities and technology will be
valuable assets in this rapidly growing market."

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

"We expect to have a strong impact on the Chinese market through the joint
venture's advanced technology, lean production and high-quality products,"
said FANG Zhijian, chairman and president of Shenyang Locomotive and Rolling
Stock Railways Brakes.

Wabtec Corporation is a global provider of value-added, technology-based
products and services for the rail industry. 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.

Website: www.wabtec.com

SOURCE Wabtec Corporation

Tim Wesley of Wabtec Corporation, +1-412-825-1543, twesley@wabtec.com