State-of-the-art magnetic train technology for local transport in China

24.05.2019

Max Bögl Group strengthens strategic partnerships

The Max Bögl Group signed a strategic partnership agreement with the Chinese companies Sichuan Development Holding Co., Ltd and Xinzhu Road & Bridge Machinery Co., Ltd on 24 May 2019 in Munich. The occasion was the economic forum "Sichuan and Bavaria - Conference for Economy and Trade 2019" organized by the Bavarian State Ministry for Economy, Regional Development and Energy. "With the signing, the companies confirm their long-term partnership and the common goal to establish the most modern commuter magnetic train technology in China with the Transport System Bögl (TSB) developed by us and to build corresponding application lines", explains Stefan Bögl, CEO of the Max Bögl Group.

State-of-the-art magnetic train technology for local transport in China

The Max Bögl Group has developed the TSB - Transport System Bögl, a new mass transit system ready for series production, as a forward-looking solution for the increasing demand for inner-city mobility. A demonstration line is currently under construction in the Chinese province of Sichuan in Chengdu and is scheduled to go into operation in 2019. The aim of the demonstration track is to convince Chinese customers of the technology and its performance and to provide the necessary proof for approval in China. The cooperation agreement concluded with the Chinese partner company Xinzhu in March 2018 is currently being intensively implemented by the parties involved. The ground-breaking ceremony took place in the summer of 2018, and the construction of the demonstration section is now making great strides. The foundations for the 3.5-kilometer section are almost complete and the first supports have been produced. In addition, the first girders have been joined and are ready for assembly on the supports.

 

Profit from each other in partnership

The strategic partnership between the three companies is based on their respective strengths: Sichuan Development Holding is a leader in investment capital, business development and Xinzhu in particular in industrial production in the railway sector. The Max Bögl Group currently has the leading magnetic train technology for mass transit. The three companies want to push the local aspect of the system even further by increasingly using components made in China.

The Sichuan Development Holding, the strongest investment company in Sichuan Province, only acquired a majority stake in Xinzhu after signing the first cooperation agreement in 2018. The strategic agreement therefore serves to reaffirm and further expand the partnership between the three parties. "The participation of Sichuan Development Holding in Xinzhu strengthens TSB's position as a low speed maglev in the Chinese market. This will significantly accelerate the realization of the first application lines in China", emphasizes Stefan Bögl.

In order to advance the technological worldwide leading TSB in the long term and to realize the first application lines, the Max Bögl Group relies on continuous investments at its headquarters in Sengenthal. An optimized maintenance center for magnetic railways is currently being built there for more than ten million euros and will be opened at the end of the year.

 

 

 

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