China Knowledge reported that China CNR Corp one of China two leading train manufacturers has acquired several major contracts worth a total of CNY 1.16 billion accounting for 1.3% of its operating revenue in 2011.

In a statement, the train manufacturer said two of its subsidiaries, CNR Datong Electric Locomotive Co Ltd and Beijing 27th Railway Transportation Equipment Co Ltd inked CNY 434.7 million and CNY 217.28 million worth of contract with China Railway Investment Corp to provide 7200KW electric locomotives respectively.

Jinan Railway Vehicles Equipment Co Ltd and Qiqihar Railway Rolling Stock Co Ltd inked CNY 162 million and CNY 259.2 billion worth of sales contract with China Shenhua Energy Co Ltd, the country largest coal producer to produce C80B model open boxcars respectively.

China CNR another subsidiary, Tangshan Railway Vehicle Co Ltd inked an CNY 91 million worth contract with Siemens AG to export large component for Velaro Russia train.

Source - China Knowledge

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