GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
The Gunnebo Security Group (STO:GUNN) has received a contract from the city of Haerbin in north-east China, to install entrance control solutions for the new metro line 1.
The order includes almost 350 metro flap gates, specially designed for high volume and safe use in metro stations. The order will be produced in Gunnebo’s Chinese factory in Kunshan and delivery will be carried out during the second and third quarters of 2012.
“The market for infrastructure investments continues to expand rapidly in China, and Gunnebo maintains its position as the market-leading supplier of entrance control solutions to the Chinese metro sector,” says Per Borgvall, President and CEO of the Gunnebo Security Group. “With our own production unit, which has been up and running for just over a year now, we are able to live up to the tough demands on delivery times for these kinds of projects, which further strengthens our competitiveness.”
Gunnebo has already delivered entrance control solutions to eleven other Chinese cities who have invested in metro systems. Currently, a further 24 are planning to build new systems in the near future and get approval from the central government.
The gates that Gunnebo are successfully providing to the Chinese metro market have a reputation for managing high throughput numbers, with proven reliability and durability. The gates were initially designed for use in the KCRC metro system in Hong Kong which created the regional benchmark, with subsequent installations in Beijing, Shanghai and several other metro systems throughout China.
GUNNEBO AB (publ)
The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5 500 people in 31 countries across Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of €540m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Global Services and Entrance Control.
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