|By Marketwired .||
|September 23, 2016 02:43 PM EDT|
MONTREAL, QUEBEC -- (Marketwired) -- 09/23/16 -- Rail technology leader Bombardier Transportation and Chinese rolling stock manufacturer, China Railway Rolling Stock Corporation (CRRC), have signed a strategic agreement to expand and deepen their relationship.
The agreement establishes a framework for the companies to leverage their complementary strengths for selected projects in order to provide additional value to customers, better serve the growing global rail transportation equipment market and support mutual long-term growth objectives. Areas of potential future cooperation include Chinese and international market development and shared manufacturing resources.
The agreement was signed in Montreal by CRRC President Xi Guohua and Alain Bellemare, President and Chief Executive Officer, Bombardier Inc., during Chinese Premier Li Keqiang's state visit to Canada.
"We have been working closely with CRRC since 1998 and are very pleased to have reached this latest milestone in our relationship in order to provide Chinese and global customers a more competitive and broader range of rail transportation solutions," said Alain Bellemare. "Together with CRRC, we are looking forward to delivering greater mobility to the people of China as well as to other countries and cities developing their transportation systems with the latest technologies and shortest time to market."
With six joint ventures and seven wholly foreign-owned enterprises, Bombardier Transportation has a strong presence in China, where it is recognized as the most successful foreign rail transportation company. It has actively participated in the development of China's rail transportation infrastructure and provided world class products. Among the six joint ventures, three have been with subsidiaries of CRRC in China, manufacturing high speed trains, metro trains, monorails and other urban mass transit vehicles. Together, the joint ventures have delivered more than 3,000 high speed railway passenger cars and more than 2,000 metro cars to the Chinese market. This newly-signed strategic agreement is the latest step in strengthening a successful partnership and better supporting the international rail market.
About Bombardier Transportation
Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,400 people and its products and services operate in over 60 countries.
Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Notes to Editors
For news releases, related material and photos, visit our media centre at www.bombardier.com/en/media-centre.html. Please subscribe to our RSS Feed to receive press releases or follow Bombardier Transportation on Twitter @BombardierRail.
Bombardier and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.
You can also contact one of our worldwide contacts for specific press inquiries.
Sep. 30, 2016 12:45 PM EDT Reads: 2,696
Sep. 30, 2016 12:45 PM EDT Reads: 4,480
Sep. 30, 2016 12:30 PM EDT Reads: 2,257
Sep. 30, 2016 12:30 PM EDT Reads: 477
Sep. 30, 2016 12:30 PM EDT Reads: 3,264
Sep. 30, 2016 12:15 PM EDT Reads: 3,219
Sep. 30, 2016 12:00 PM EDT Reads: 1,204
Sep. 30, 2016 12:00 PM EDT Reads: 2,516
Sep. 30, 2016 11:30 AM EDT Reads: 5,157
Sep. 30, 2016 11:15 AM EDT Reads: 1,568
Sep. 30, 2016 11:15 AM EDT Reads: 3,091
Sep. 30, 2016 11:00 AM EDT Reads: 505
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Sep. 30, 2016 11:00 AM EDT Reads: 555
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Sep. 30, 2016 11:00 AM EDT Reads: 3,993
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Sep. 30, 2016 10:45 AM EDT Reads: 2,761