Article: CNR, CSR SIGN CNY110BN ORDERS WITH CHINA RAILWAY WATCHDOG


AsiaInfo Services
09-29-2009
CNR, CSR Sign CNY110bn Orders with China Railway Watchdog

BEIJING, Sep 29, 2009 (SinoCast Daily Business Beat via COMTEX) -- China Northern Locomotive & Rolling Stock Industry (Group) Corporation (CNR) and China South Locomotive & Rolling Stock Corp. Ltd. (CRS, SHSE: 601766 and SEHK: 1766) yesterday gained the multiple unit orders worth over CNY 110 billion from China's Ministry of Railways (MOR).

The two leading Chinese locomotive producers will contribute a lot to the construction of multiple units in the country.

To be specific, the ministry signed contracts respectively with Changchun Railway Vehicles Co., Ltd. and CNR Tangshan Railway Vehicle Co., ...

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