CSR wins 2.54 bln worth of metro vehicle order from Middle East

25th Aug 2011
CSR wins 2.54 bln worth of metro vehicle order from Middle East

Recently, CSR announced it had won a large metro order worth RMB 2.54 billion EUR 280 million from the Middle East as the company’s largest-ever metro vehicle export order. According to sources, the prepayment has been made, and the contract has come into effect. Under the contract, the first train will be delivered within 21 months after the contract took effect.
In the first half of this year, CSR has yielded abundant fruits in overseas development. It has won an order for 20 EMUs from Georgia, orders for diesel locomotives from countries like Australia and Turkmenistan, orders for 521 wagons from Africa and countries like Mongolia, as well as orders for electric components, rubber elastic components and locomotive parts, of which vehicle orders accounted for 82%. According to statistics, CSR has achieved overseas sales of 2.458 billion yuan in the first half, up 138.18% year on year. By June 30, overseas orders yet to be delivered had amounted to 12 billion yuan.

The first half has seen a lot of highlights of CSR in overseas market. The new order for 75 diesel engines from Turkmenistan, combined with the previous two batches, has added up to a record 179 units in China’s history of locomotive export and become China’s largest-ever project in the field of economic trade with Turkmenistan. In the first half of this year, CSR has also exported autonomous AC drive diesel locomotives to a developed country for the first time, with the first batch of six such locomotives expected to be delivered to Australia by the end of this December. In view of the leading design concept and reliable design plan of new CSR Ziyang Locomotive Co., Ltd., before the first batch of locomotives are delivered and put into operation, the Australian customer placed an additional order for four units this March.


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