SMT Scharf AG receives € 3 million order from China

(PresseBox) ( Hamm, )
SMT Scharf AG (WKN 575198, ISIN DE0005751986), technology and global market leader for rail-bound railway systems for the mining industry, has received a significant order from a Chinese mining group. It comprises three train sets for monorails, tracks and related equipment, and has a total value of more than € 3 million. Delivery will be as early as the third and fourth quarters of 2011, thereby allowing the order to become effective in terms of revenue and earnings in the current financial year.

The train sets are to supply two excavation points in a hard coal mine in Anhui province with materials. This will entail commanding gradients of about 15 degrees on a track with a total length of 6 km. SMT Scharf has developed the DZ 2200 type locomotive for such conditions. This locomotive achieves higher tractive power than any other product available on the market. The mining group intends to deploy these locomotives as its standard underground transportation technology in the future.

"We are pleased to have convinced a further customer of the superior performance data of our machines," as Dr. Friedrich Trautwein, CEO of SMT Scharf AG, comments on the sales success. He also identifies further growth opportunities: "Demand for particularly high-performing locomotives is growing in both China and Russia - and SMT Scharf AG products meet these requirements optimally. With these strengths we have achieved a clear and unique selling point."
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