Axion International lands contract with Russian railroad

Axion International Holdings, Inc., a New Providence, N.J.-based manufacturer of recycled plastics structural building materials, has signed a second purchase order for its Ecotrax rail ties in Russia.

The order, which called for 600 rail ties for installation at a metro transit system in Russia, was sold through Axion's in-country distributor and business partner, TVEMA, an international group of companies based in Moscow whose subdivisions are involved in design, manufacture, and project development of rail diagnostic equipment.

"We are excited with the progress we have made in developing our business in Russia. Breaking into a new market with a new technology is a process that takes time. After several years of lab testing and in track trials, we are starting to see the business develop. Russia is the second largest rail network in the world and we have focused resources against this large opportunity," says Steve Silverman, Axion’s president and CEO.

He continues, "We are extremely pleased with our partnership with TVEMA and look forward to a very fruitful relationship as we continue to progress in the global adoption process for a high quality composite rail tie and continue to build our footprint in Russia."

Ecotrax composite rail ties are made from Axion’s 100-percent recycled plastic formulation.