SMT Scharf receives first order for new rack-and-pinion railway

(PresseBox) ( Hamm, )
SMT Scharf AG (German Securities Code (WKN) 575198, ISIN DE0005751986), the technology and global market leader for rail-bound railway systems for the mining sector, has received its first order for its newly developed rack-and-pinion railway from Russia. This railway is tailor-made to transport great loads under particularly difficult mining conditions, and is characterized by its versatility: It can be used as both a rail-bound rack-and-pinion railway and also as a climbing aid for normal mine railways. In addition, it can be easily converted into a monorail hanging railway.

SMT Scharf presented this innovative train to the specialist public for the first time in November 2007 at the mining technology and equipment trade fair CHINA COAL & MINING EXPO 2007. In the meantime it has received all necessary licenses.

The customer will use the train in a hard coal mine in Russia, where it will be used, in particular, to transport heavy roof support units at inclines of up to 30 degrees. This customer already uses SMT Scharf's monorail hanging railways in three of its mines.

This order, with a volume of slightly more than € 1 million, is a key step in growing SMT Scharf AG's business: "We are very pleased that our newly developed rack-and-pinion railway has convinced our customers so quickly. That's a positive sign - also for possible additional orders," commented Dr. Friedrich Trautwein, SMT Scharf AG's CEO. "Russia was already our key growth market last year. We believe that this country offers further potential, and we plan to penetrate this potential even better with new products and our newly formed branch office."
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