国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

CSR unit wins $2.1b deal in South Africa

By Lyu Chang in Beijing and Feng Zhiwei in Changsha (China Daily) Updated: 2014-03-19 07:38

CSR unit wins $2.1b deal in South Africa

The exhibition hall for locomotive models at CSR Zhuzhou Electric Locomotive Co. The leading Chinese rolling stock manufacturer will provide electric locomotives valued at $2.1 billion to state-owned South African logistics company Transnet SOC Ltd, the largest export deal for the Chinese manufacturer. Long Hongtao / Xinhua

Rolling stock manufacturer CSR Corp Ltd got a boost in its share price after a subsidiary announced on Monday that it won a bid to supply electric locomotives in South Africa.

CSR Zhuzhou Electric Locomotive Co will provide electric locomotives valued at $2.1 billion to state-owned South African logistics company Transnet SOC Ltd, the largest export deal for the Chinese manufacturer.

CSR unit wins $2.1b deal in South Africa
CSR unit wins $2.1b deal in South Africa
On Tuesday, CSR shares jumped 13.1 percent to HK$6.3 (80 cents) in Hong Kong and nearly 4.7 percent to 4.4 yuan (70 cents) in Shanghai.

Most of the locomotives will be used to transport coal and ore in South Africa. The six-axle locomotives can haul freight trains at up to 100 kilometers per hour, according to CSR Corp.

The subsidiary, based in Zhuzhou in central China's Hunan province, will transfer technology for electric locomotive manufacturing to South Africa. More than 60 percent of the parts and components will be produced in South Africa.

This isn't the first deal in South Africa for CSR, one of China's top two locomotive and rolling stock producers.

In 2012, the Zhuzhou-based company won a bid to provide 95 electric locomotives to Transnet.

Zhou Qinhe, general manager of CSR Zhuzhou, said this project can greatly improve the efficiency of freight and rail operations in South Africa and provide technology transfers.

"It is a key step for China's high-end equipment manufacturing industry to establish a good reputation for 'Made in China' overseas," he added.

With demand from developed countries weak, China's rolling stock companies are increasingly targeting new emerging markets such as South Africa.

Rival China CNR Corp Ltd has also won a contract worth about $800 million from Transnet, which is in the middle of a seven-year plan to shift freight from the roads to the rail system, the China News Service reported.

Two other global manufacturers, Bombardier Inc and General Electric Co, are also part of Transnet's plan.

Local media reports said Bombardier and GE will supply 240 electric and 233 diesel locomotives, respectively, to Transnet.

So far, CSR Zhuzhou has won orders worth $2.5 billion for electric locomotives from South Africa.

China became South Africa's trading partner in 2009. Bilateral trade increased 32 percent last year to 270 billion rand ($25 billion).

CSR unit wins $2.1b deal in South Africa
CSR unit wins $2.1b deal in South Africa
Building brand South Africa in China?

China confident of foreign trade growth in 2014 

Hot Topics

Editor's Picks
...
...
吉木萨尔县| 琼中| 沈丘县| 尼玛县| 丹凤县| 五指山市| 韶关市| 万安县| 偏关县| 民勤县| 连州市| 肇源县| 南郑县| 光山县| 河西区| 麻城市| 天津市| 临清市| 阜康市| 霍山县| 观塘区| 安义县| 潼关县| 辽源市| 五指山市| 乌审旗| 海口市| 沧州市| 武宁县| 宁南县| 天镇县| 新郑市| 双流县| 彰化县| 鸡东县| 桑植县| 织金县| 陵水| 克什克腾旗| 古丈县| 宁南县|