Wabtec, Texmaco Rail tie-up

Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) has formed a joint venture with Texmaco Rail & Engineering Ltd (Texmaco) for safety and control equipment, such as draft gear and bogie-mounted braking. According to Texmaco Rail, the joint venture would aim to cater to Indian Railways requirement in modernising and boosting its safety its efforts.