Salix and Yamato Form Strategic Global Partnership to Deliver World-Class Turnout
and Trackwork Solutions
– 50:50 Joint Venture Established Between Martinus Group and Yamato –
December 17th, 2025
Sydney, Australia | Himeji, Japan
Martinus Group Holdings Pty Ltd (“Martinus Group”), a global major railway infrastructure
player, has concluded a strategic partnership with Yamato Kogyo Co., Ltd (“Yamato”),
under which Yamato will acquire a 50% equity interest in Salix Products Pty Ltd (“Salix”)
from Martinus Group. Martinus Group will retain the remaining 50% interest, with Salix to
be operated as a 50:50 joint venture between Martinus Group and Yamato following
completion of the transaction.
This strategic partnership formally combines Salix’s 20 years of global turnout and
trackwork delivery expertise with Yamato’s 80 years of Japanese world-class steelmaking
and advanced rail manufacturing capability, establishing a powerful, globally scalable
platform for turnout and trackwork solutions.
A Global Platform for Turnout and Trackwork Solutions
Salix brings over two decades of specialised experience in the design, supply, quality
assurance, and delivery of high-performance turnout and trackwork systems certified to:
- EN (European) standards
- AREMA (American) standards
- AS (Australian) standards
Salix and Yamato jointly support the full spectrum of rail applications across government and
mining-backed rail infrastructure programs, including:
- High-speed passenger rail
- Heavy-haul freight rail
- Metro transit systems
- Light rail networks
Together, Salix and Yamato turnout and trackwork solutions have been successfully
supplied into major rail programs across:
Japan, Australia, India, the Middle East, Chile, and New Zealand.
Japanese World-Class Manufacturing Capability
Founded in 1944, Yamato is a globally respected Japanese manufacturing group with
deep expertise across:
- High-precision steel production
- Turnouts and special trackwork manufacturing
- Rail components and fastening systems
- Large-scale industrial supply chains
Yamato’s vertically integrated manufacturing platform enables full control over quality,
metallurgy, tolerances, and lifecycle performance — a critical capability for modern highspeed
and heavy-haul rail corridors.
Strategic Intent – A Global Expansion Platform
The Salix–Yamato partnership is structured to:
- Accelerate global market entry for turnout and trackwork solutions
- Deliver locally compliant manufacturing solutions for government and mining-backed rail
programs - Provide integrated engineering, manufacturing and supply chain delivery
- Support large-scale government- and mining-backed rail infrastructure programs
worldwide - Together, Salix and Yamato will operate as a single unified platform for turnout and
trackwork solutions across all international rail markets.
Executive Commentary
“This partnership represents a major strategic milestone for Salix and for Martinus Group,”
said Mark Fulford, CEO of Salix.
“Combining Salix’s global delivery track record with Yamato’s experience and heritage of
Japanese manufacturing excellence creates a truly world-class platform for turnout and
trackwork supply. This positions Salix to support the next generation of high-speed, heavy
haul, metro and light rail projects across the world.”
“We are honoured to launch this new joint venture in Australia together with Martinus Group
and Salix. The turnout and trackwork products business has been central to Yamato’s
origins and has supported railway transportation for many decades, remaining an
important area for us today. Through this partnership, we look forward to combining our
strengths to contribute to safe and reliable rail infrastructure in Australia and across the
world”. said Mikio Kobayashi, President, Yamato Kogyo Co., Ltd.
A New Global Rail Manufacturing and Delivery Benchmark
Through this partnership, Salix transitions into a globally scalable, manufacturing-backed
rail products platform, offering governments, operators and mining-backed rail owners a
high-confidence alternative to fragmented offshore supply models — supported by
Japanese manufacturing precision and Martinus Group’s international delivery capability.
Company Overview – Salix Products Pty Ltd
Location: New South Wales, Australia
Experience: 20 years in turnout and trackwork solutions
Core Capability: Design, assurance, supply and delivery of special trackwork
Certifications: EN, AREMA, AS
Markets Supplied: Australia, India, Middle East, Chile, New Zealand
Company Overview – Yamato Kogyo Co., Ltd
Founded: 1944
Headquarters: Himeji City, Hyogo Prefecture, Japan
Business: Global steel producer that supports infrastructure throughout the world by
environmentally friendly steel business
Role: World-class turnout technology and supply chain platform
Company Overview – Martinus Group Holdings Pty Ltd
Founded: 2005
Headquartered: Sydney, Australia
Business: Global integrated rail infrastructure construction, maintenance, manufacturing,
haulage and infrastructure development
Operations: Australia, New Zealand, United States, Chile and International Markets
