(Reuters) - China CNR Corp Ltd and CSR Corp , China's two top trainmakers, recently signed deals worth 45.41 billion yuan ($7.26 billion) with Chinese and foreign firms.
CSR said on Monday it signed 14 deals worth 21.11 billion yuan, including the sale of electric trains and maintenance contracts, equivalent to 21.6 percent of its 2013 revenue.
CNR signed 30 contracts worth a total of 24.3 billion yuan, which involved high-speed trains, urban subways and electric vehicles, equivalent to about 25 percent of its 2013 revenue, it said on Sunday.
CSR Corporation Limited (the “Company”) has recently entered into certain major contracts,with an aggregate value of approximately RMB21.11 billion. Details of such contracts are set out
below:
1. CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd., a non-wholly-owned subsidiary the Company, has entered into contracts with certain railway bureaus of China Railway Corporation in relation to the sale of MUs with a value of approximately RMB5.83 billion.
2. CSR Zhuzhou Electric Locomotive Co., Ltd., a wholly-owned subsidiary of the Company,has entered into a contract with Guangzhou Metro Corporation (
Nanjing SR Puzhen Rail Transport Co., Ltd., a non-wholly-owned subsidiary of the Company, has entered into a contract with Shanghai No. 13 Metro Development Co., Ltd. in relation to the sale of metro cars with a value of approximately RMB1.73 billion.
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