Annual Report 2010 - Knorr-Bremse AG.

Rail Vehicle Systems
Over the year Knorr-Bremse Rail Vehicle Systems benefited in particular from a
high volume of orders from Asia. The main growth driver was China, where
state-sponsored programs and large-scale infrastructure projects resulted in
buoyant demand for mass transit and mainline vehicles, but the division was
also successful in other parts of the region. In a bid to improve its global
market position it once again invested extensively in products and production
facilities, while at the same time strengthening its position through carefully
targeted acquisitions.