CSR set to make rapid strides in global arena

0 CommentsPrint E-mail China Daily, June 8, 2010
Adjust font size:

While extending its railway network throughout the country, China is also sending its trains across borders.

CSR Zhuzhou Electric Locomotive Co, a subsidy of China South Locomotive and Rolling Stock Corp (CSR), the largest listed railway equipment maker in China, is manufacturing locomotives for countries including Kazakhstan, Uzbekistan, Singapore and Turkey.

The locomotive maker has secured $500 million of new orders so far this year and is discussing further deals with more than 30 countries and regions.

Xu Zongxiang, the company's president, said it will sign a contract worth at least $70 million this week with the Central Asian nation of Uzbekistan.

The Hunan-based company is now competing with global industry giants such as France's Alstom, Canada's Bombardier and Germany's Siemens for contracts in many nations and regions.

Parent company CSR said it is planning to expand its overseas business, aiming to boost revenue from exports to 20 percent of its total sales in three to five years from 5 percent in 2009.

The worlds' No 4 rail equipment maker secured $1.2 billion in overseas orders in 2009, up 60 percent year-on-year. Among the orders, value-added products include bullet trains and subways, accounting for 70 percent of the total, indicating the company's competitiveness in the world's high-end vehicle market.

The company is now in partnership with Germany's Siemens to participate in tendering for the delivery of rolling stock and signaling systems to the Haramain high-speed rail project in Saudi Arabia, a 444-kilometer inter-city line.

The company is likely to win the bid, according to a CSR official with knowledge of the matter.

"Bullet trains, rail transit and locomotives - the economic products - will be our main exports," said CSR spokeswoman Li Min.

CSR posted an 85 percent jump in first-quarter net profit to 355.9 million yuan ($52 million) on revenue of 12.4 billion yuan, up 69 percent year-on-year. Its revenue rose 30 percent to 45.6 billion yuan in 2009. The company vowed to double its revenue by 2012 to become the global industry leader.

"Chinese companies are changing the landscape of the global railway market because of the dimensions of their home market and because they are becoming involved in international tenders, which is a new development," Dominique Pouliquen, Asia-Pacific managing director for Alstom, said in an earlier interview with the Financial Times.

China is moving rapidly to connect almost all of its provincial and regional capitals with bullet trains and is opening 1,920 km of high-speed rail routes this year. By 2020, China hopes to have 48,000 km of high-speed track, as much as the rest of the world put together. China's market for rail equipment, including trains, components, and signaling systems, is expected to quintuple from an average of $10 billion a year in the period between 2004 and 2008 to more than $50 billion a year between 2009 and 2013, according to estimates from McKinsey.

Analysts said the massive construction of high-speed rail lines in China, for which CSR is one of the two train providers, offered a very convincing and successful model for the company's overseas expansion.

At the same time, its major rival, China Northern Locomotive and Rolling Stock Industry Corp (CNR), another domestic high-speed train provider, is also spreading its wings overseas.

This year, CNR plans to double its overseas business from 5 to 10 percent of its total volume. Its most recent overseas orders were from Pakistan and Argentina, worth a total of 4.1 billion yuan.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 91久久精品国产91久久性色tv| 久久99热只有频精品8| JAPANESEHD熟女熟妇伦| 日产乱码卡一卡2卡3卡.章节| 亚洲一卡2卡4卡5卡6卡残暴在线| 污污内射在线观看一区二区少妇| 国产精品正在播放| h无遮挡男女激烈动态图| 成在人线AV无码免费高潮喷水 | 无人高清影视在线观看视频 | 欧美va在线视频| 厨房掀起馊子裙子挺进去视频| 香蕉在线精品视频在线观看6| 国产福利一区视频| 97一区二区三区四区久久| 天堂资源在线种子资源| 一级做a爰片久久毛片图片| 插我一区二区在线观看| 亚洲国产精品成人精品小说| 玖玖精品在线视频| 国产亚洲av片在线观看18女人| 97久久精品无码一区二区| 天天综合天天综合| 久久国产精品99精品国产| 极品丝袜乱系列目录全集| 人妻一本久道久久综合久久鬼色| 精品精品国产高清a级毛片| 四虎永久在线精品免费观看地址 | 久久婷婷五月综合97色| 最猛91大神ben与女教师| 亚洲va中文字幕| 电影在线观看视频| 国产乱子伦精品免费无码专区| 麻豆国产精品va在线观看不卡| 大伊人青草狠狠久久| 久久久久一级片| 欧美人与动欧交视频| 亚洲国产老鸭窝一区二区三区| 欧美极度另类精品| 亚洲欧洲日韩综合| 欧美日韩亚洲第一页|