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 additional order from the Ministry of Railways of China (MOR) for the production and delivery of 20 eight-car high-speed trainsets. This order follows an initial 20 eight-car high-speed trainsets order awarded to the same parties by the MOR in October 2004. The complete order for the 40 trains is valued at approximately $700 million US (560 million euros) and Bombardier’s share is approximately $382 million US (306 million euros). Deliveries of the trains will start in July 2006 and will be completed in December 2007.
Commenting on the order, Olof Persson, President, Mainline and Metros, Bombardier Transportation, said: “This additional order of 20 high-speed trains for the Chinese mainline network clearly demonstrates the superiority of our products as well as the increasingly important role of Bombardier to bring state-of-the-art railway products to the people of China.”
The trains, which can reach a speed of 200 km/h, will be designed by Bombardier in Västerås, Sweden. The site in Västerås will also provide part of the propulsion. The carbody production and final assembly will be undertaken in China, under BSP’s responsibility.
Jianwei Zhang, Chief Country Representative, China, Bombardier Transportation, said: “This new order confirms, once again, the Ministry of Railways of China’s trust in Bombardier. Moreover, it reinforces Bombardier’s already strong leadership in the Chinese railway market.”
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 36 aircrafts operated by seven airlines. It is also the first ranked manufacturer of business aircraft supplied to China. Bombardier’s longstanding relationship with China began 50 years ago.
About Bombardier
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, 2005, were $15.8 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
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