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Chinese railway suppliers on fast track to world market

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Chinese railway suppliers on fast track to world market

Chinese railway suppliers on fast track to world market

It is no secret that China wants to leverage its experience in building the world's largest network of high-speed rail lines

into a new export industry.

But with growth in the domestic market stabilizing and the world market for high-speed rail lines yet to really open up,

some Chinese companies that are part of the rail construction supply chain are seeking to enter foreign markets on their own.

CSR Zhuzhou Electric Motor Co Ltd, a subsidiary of China South Locomotive and Rolling Stock Co, is one example.

CSR ZEM, the main production base of electric traction motors and transformers in China, has already made a huge

breakthrough in the European market, albeit not in the rail sector. It signed a contract with a German company to  provide a prototype model of a wind power generator with an installed capacity of 5,000 kilowatts.

The future looks bright. Premier Li Keqiang has been promoting high-speed rail technology in Thailand, the United

Kingdom, Russia and India. And to reduce competition among Chinese companies in the global market, State-owned

train manufacturing companies CNR Corp Ltd and CSR Corp Ltd have decided to merge into a $26 billion company.

China Railway Construction and China Railway Group will focus on tracks.

Pub Time : 2015-03-03 10:43:29 >> News list
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