Rail Products Business Signs Agreement with Renowned Company Dako CZ
Escorts (Rail Products Business) has signed an Exclusive Agreement with a European Company; DAKO-CZ a.s. (a world renowned company, manufacturing Brake System and Brake Equipment for Railway Passenger Vehicles, Rail Freight Wagons and Locomotives), for the supply of critical parts of Disc Brake System.
With this, the long hunt for a technology partner comes to a close and opens new business stream for Escorts in the domain of high end disc brake system through this partnership agreement. This Agreement not only kick starts the disc brake project which aims to provide the latest brake system for the most coveted LHB design “High Speed passenger coaches” of Indian Railways but several other projects in the rail domain. This project goes commercial by end of this financial year and Escorts shall start catering to its valued SAARC customers, besides the premium Indian Railways.
This technology will give a competitive edge to Escorts over its rivals for the supply of Disc Brake System to Indian Railways and will prove as a game changer, the quality of the product that will be produced with DAKO parts is expected to be one of the best in the world at a remarkable Indian price. Photograph of Escorts Executive Director & Business Head, Mr. Vikram Singhal and DAKO Chief, Mr. Milan Polak, Managing Director and Chairman of Board of Directors shake-hands and exchange the Partnership Agreement document at a simple Agreement Signing Ceremony at Czech Republic on 14th April 2011.