CSR sees massive orders in train

China Daily (2011-05-05 09:00) [Full Text]

 

By Wang Ying (China Daily)

SHANGHAI - China South Locomotive & Rolling Stock Corporation Ltd (CSR), has won orders valued at about 7.33 billion yuan ($1.13 billion), equal to 11.3 percent of its total 2010 revenue.

Analysts said China's robust demand for high-speed, bullet and metro trains will boost CSR's market performance.

The big-ticket deals include orders for rapid-transit vehicles from Guangzhou Metro Corporation worth 2.6 billion yuan and Wuhan Metro Group Co Ltd worth 0.8 billion yuan. The company has also secured a 0.21 billion yuan order for wind-power generating units from Huaneng Hezhang Wind Power Co Ltd.

The Shanghai and Hong Kong-listed train maker also has orders for open wagons from companies in the Inner Mongolia autonomous region, and for maintenance of passenger carriages from the Ministry of Railways.

From China DailyCSR sees massive orders in train

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