BERLIN, Oct. 15 (Xinhua) — Chinese investment, together with a Swiss partner, has helped a 120-year-old insolvent German rail system company back to life, the chief executive officer (CEO) of Molinari Rail Systems GmbH told Xinhua on Monday.
“At the end of 2016 before the acquisition, the situation of the railway systems company in the (German city of) Dessau was not very good. It had already been at the edge of insolvency for half a year,” said Jan Harder.
Harder is very proud that, in the past two years, Molinari Rail Systems has made a comeback in the German rail industry as a reliable partner.
A total of 45 employees were kept on after the acquisition. Nowadays that number has grown to over 70, said He Ha…
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