Kolkata, Oct 30 (FN Agency) Texmaco Rail & Engineering Limited., a distinguished leader in the Railway industry, has signed a Memorandum of Agreement (MoA) with Sampyo Railway Co. Ltd. of South Korea. This technical collaboration signifies a notable advancement in the field of Railway Turnout System which is a core product in the railway track field followed by previous successful technical partnership for manufacturing Weldable CMS Crossings for the Indian Railways, according to a media release.
Sampyo Railway Co. Ltd., a leading entity in South Korea, has an impressive portfolio encompassing, railway infrastructure, logistics, and railway R&D and has evolved into a comprehensive railway engineering company with a global footprint. This collaboration is about the development and advancement of the Railway Turnout System, a pivotal component in the railway track sector. Through this strategic association, both Texmaco Rail & Engineering Ltd. and Sampyo Railway aim to improve and set high industry standards and deliver heightened value to the Railway Turnout System.
By leveraging the unique strengths and capabilities of both organizations, the partnership will pave the way for major developments for the railway industry in this country. Because of the partnership, this project complemented Indian Railways’ modernised infrastructure agenda. Together, the two organization will pool their expertise to develop pioneering solutions and products in the field of Railway Turnout System, ultimately contributing to the modernization and efficiency of the Indian railway network. Commenting on the collaboration, Cha Jae Jung, CEO, Sampyo Railway Co. Ltd., stated, “We are pleased to collaborate with Texmaco, which has technology and competitiveness in the Indian railway market, and hope that this MOA will serve as an opportunity for the two companies to take the Indian railway market to the next level.” Sudipta Mukherjee, Deputy Managing Director, Texmaco Rail & Engineering Ltd. expressed, “We are excited about our partnership with Sampyo Railway. This collaboration not only reinforces our commitment to quality products but also embodies our dedication in supporting the growth of the Indian Railways.”