Annual Report 2010 - Knorr-Bremse AG.
Annual Report 2010 - Knorr-Bremse AG.
Annual Report 2010 - Knorr-Bremse AG.
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2/<br />
<strong>Report</strong><br />
Against a background of general economic recovery in <strong>2010</strong>, <strong>Knorr</strong>-<strong>Bremse</strong><br />
benefited from its strong strategic position with two divisions: Rail Vehicle<br />
Systems and Commercial Vehicle Systems. In the rail division one of the main<br />
drivers of growth was a dramatic increase of more than 100% in Asian sales,<br />
while the truck division benefited from rapidly accelerating recovery in commercial<br />
vehicle markets. <strong>2010</strong> saw the company once again invest considerable<br />
effort in driving innovation, accessing new markets and improving internal<br />
processes. The response of the prestigious rating agencies Moody‘s and<br />
Standard & Poor‘s was to upgrade their ratings of the company once again.
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