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China Exports Trains to Developed EU Country

Xinhua recently reported that, for the first time, China is exporting cargo railway trains to a developed European country. Jinan Railway Vehicles Equipment Co. Ltd., under the wings of China Northern Locomotive and Rolling Stock Industry Group (CNR), signed a contract with the France’s Atir-Rail upon the provision of 20 ammonia gas tankers and 20 liquefied gas tankers for the French company. According to CNR, entering the EU and the US market has been a long-time strategic consideration. The state-owned CNR is one of the largest rail transportation equipment manufacturers in China and currently holds half of the Chinese domestic market. It is exporting products to more than 50 countries.

Source: Xinhua, June 13, 2011