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China CNR

From Alfawiki
China CNR Corporation Limited
Company typeSubsidiary (former public company)
IndustryLocomotive and railway vehicles manufacturing
PredecessorChina Northern Locomotive & Rolling Stock Industry (Group) Corporation (CNR Group)
Founded2008
Defunct2015
FateMerged with CSR to form CRRC
Headquarters
China
Area served
China, more than 80 countries including Argentina, Australia, Brazil, France, Hong Kong, New Zealand, Saudi Arabia, Taiwan, Turkey
ProductsLocomotives, railway vehicles, subway cars, diesel multiple units, wind turbines
ParentCNR Group (until merger)

China CNR Corporation Limited (CNR) was a prominent producer of locomotives and railway vehicles, predominantly catering to the domestic Chinese market while also exporting to more than 80 countries such as Argentina, Australia, Brazil, France, Hong Kong, New Zealand, Saudi Arabia, Taiwan, and Turkey.

In 2015, CNR combined operations with CSR, resulting in the establishment of CRRC.

History

Established in 2008 as a subsidiary under CNR Group (China Northern Locomotive & Rolling Stock Industry (Group) Corporation), China CNR included minority stakes held by China Chengtong Holdings Group and China Huarong Asset Management. That same year marked the export of CNR Dalian's CKD7C locomotives to the Republic of Congo.

In 2009, the firm initiated a $2 billion initial public offering on the Shanghai Stock Exchange.

Expanding its portfolio beyond rail transportation, CNR allocated roughly 35 billion Yuan toward wind turbine production through its affiliate CNR Wind Power Co., which developed a significant manufacturing plant in Songyuan with an annual output capacity of 500 turbines.

Beginning in 2013, Argentina became a major client as CNR delivered a full set of 150 subway cars for Buenos Aires Underground Line A. Additionally, it provided 20 locomotives and 220 coaches for Trenes Argentinos’ broad gauge long-distance routes. In 2015, the company supplied 81 Diesel Multiple Units for the Belgrano Sur Line.

A notable entry into the North American market occurred in October 2014 when CNR secured a $567 million contract to furnish 284 metro cars for the Massachusetts Bay Transportation Authority’s Orange and Red Lines. The plan included establishing parallel production lines in China alongside a new 150,000 square-foot assembly plant located in Springfield, Massachusetts.

Towards the close of 2014, CNR and its competitor CSR consented to merge, with CSR acquiring CNR shares at a ratio of 1 CNR share to 1.1 CSR shares. This merger formed CRRC, a combined entity valued near $26 billion, officially launched on 1 June 2015.

Manufacturing and research subsidiaries

The company manages multiple subsidiaries throughout China, including but not limited to:

Exports

Among its primary export offerings are the Buenos Aires Underground 200 Series trains and the BTS Skytrain EMU-B1 and EMU-B2 models, underscoring the company's footprint within international metropolitan rail sectors.

External links

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