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China : CSR secures contracts worth CNY 3 billion
Publish Date : 26-Mar-2012
CSR Corporation has secured contracts with a subsidiary in Nanjing. The contracts worth CNY 3.48 billion is to supply trains worth CNY 710 million for Metro line 2 of Suzhou.
The company\'s Qingdao subsidiary inked a CNY 480 million contract to provide EMU components to the Ministry of Railways as well as would supply trains worth CNY 680 million for a metro network in Qingdao.
China Railway Construction Investment Corporation has awarded CNY 600 million worth of truck repair contracts to three subsidiaries.
A fully controlled subsidiary, CSR Yangtze has secured contract worth CNY 130 million to supply cargo trains to Australian company Pacific National.
Qingdao Sifang Bombardier Railway Equipment a joint venture where in CSR owns a 50% interest won a CNY 120 million contract for supplying EMU components to Guangzhou Railway Group.
