Bombardier Transportation and its joint venture partners, Power Corporation of Canada and China South Locomotive and Rolling Stock Industry (Group) Corporation have received, through their joint venture Bombardier Sifang Power (Qingdao) Transportation Ltd. (BSP) an order from the Ministry of Railways of China (MOR) for the production and delivery of 20 eight-car high-speed trainsets. The order is valued at approximately $424 million US and Bombardier’s share is approximately $263 million US. Deliveries are scheduled to take place from July 2006 to July 2007.
The trains, which can reach a maximum speed of 200 km/h, will be designed by Bombardier in Västerås, Sweden. Bombardier will manufacture the bogies in Siegen, Germany and will provide part of the propulsion from its site in Västerås. The carbody production and final assembly will be undertaken in China under BSP’s responsibility.
Commenting on the order, Olof Persson, President, Mainline & Metros, Bombardier Transportation, said: “Through its participation in a number of challenging railway projects in China, Bombardier has earned an excellent reputation and has gained a great understanding of the specific needs of the Chinese railway market. I am very pleased that we can now transfer our high speed train knowledge and expertise to the mainline network in China, which we will significantly contribute to modernize and upgrade."
In addition to BSP, Bombardier participates in two other joint ventures in China. The first one, Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC), is dedicated to the production of metro vehicles. The other joint venture, Bombardier-CPC Propulsion Systems Co. Ltd., is involved in the production, marketing and maintenance of propulsion equipment for rail vehicles.
Including its joint ventures, Bombardier currently employs 1,400 people in China. In addition to its rail transportation operations, Bombardier is the number one in the Chinese regional aircraft market, with an installed base of 37 aircraft operated by 7 airlines. It is also the first ranked manufacturer of business aircraft to China. Bombardier’s longstanding relationship with China began 50 years ago.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
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