17 September 2013
17 September 2013
AXION has announced it has received its first purchase order for ECOTRAX rail ties which will be shipped to Russia and installed in track with a major transit line later this year.
The rail ties were sold to AXION's in-country distributor and business partner, TVEMA, an international group of companies based in Moscow, Russia whose subdivisions are involved in design, manufacture, and project development of rail diagnostic equipment. Over the past 18 months, AXION say it has has been working diligently with TVEMA to create composite rail tie standards and specifications for Russia.
Russia's railway system is the country's key mode of transportation, with an operational length of over 85,000,000 kilometres, making it the second largest rail network in the world. According to an article in Railway Technology a current rail modernisation plan in Russia calls for the construction of up to 20,000 kilometres of new routes, the upgrade of 13,800 kilometres of freight lines for heavy axle loads, among other improvements, at an estimated cost of US$353 billion by 2030. The European Bank for Reconstruction and Development (EBRD) has invested more than US$1.6 billion in 13 Russian rail projects since 2001.
"This purchase order from Russia is an encouraging development, given the size of the rail industry there, Russia is known to have some very harsh weather conditions and ECOTRAX has a proven track record of high levels of performance in these types of elements," stated AXION President and CEO Steve Silverman. "We are very happy with our progress in securing adoption and approvals in Russia. This is a long process in any country and TVEMA has done a great job."
AXION claims its composite rail ties have massive potential for widespread adoption throughout Russia's rail network, many of which traverse a variety of climates where wooden alternatives are short-lived. ECOTRAX rail ties are not porous, they do not absorb moisture, and therefore are impervious to water and rot. Offering longevity and therefore a higher ROI for customers, ECOTRAX also provides the added environmental benefits of recycling plastic waste and reducing the harvesting of trees.
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