CRRC Corporation Limited (known as CRRC ) is a Chinese state-owned and publicly traded rolling stock manufacturer. It is the world's largest rolling stock manufacturer in terms of revenue, eclipsing its major competitors of Alstom and Siemens .
38-767: It was formed on 1 June 2015 through the merger of CNR and CSR . As of 2016 it had 183,061 employees. The parent company is CRRC Group , a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council . The State Council also owned additional shares via China Securities Finance and Central Huijin Investment . CNR Group and CSR Group , were once one company, China National Railway Locomotive & Rolling Stock Industry Corporation [ wikidata ] (LORIC). The company
76-787: A 150,000 square-foot facility in Springfield, Massachusetts for final assembly of the vehicles. At the end of 2014 CNR and rival CSR announced their intention to merge, with CSR acquiring CNR shares at a ratio of 1 CNR : 1.1 CSR; the resultant company (value ~$ 26 billion) was to be named CRRC . The two companies formally merged on 1 June 2015. The corporation has numerous subsidiaries at various sites in China: CRRC Qingdao Sifang CRRC Qingdao Sifang Co., Ltd. ( Chinese : 中车青岛四方机车车辆股份有限公司 ; lit. 'CRRC Qingdao Sifang Locomotive & Rolling Stock Co. Ltd.')
114-617: A 284 vehicle order (later expanded to 404 vehicles) for metro cars for Massachusetts Bay Transportation Authority 's Red and Orange lines with a US$ 556.6 million bid in October 2014, the company started constructing a 13,900 square metres (150,000 sq ft) assembly plant in Springfield, Massachusetts , at a former Westinghouse plant beginning in September 2015. Manufacturing work began in April 2018. In mid-2015, production began at
152-519: A Hong Kong Based non-profit news organization FactWire had broken the news of SMRT C151A suffering from multiple defects relating to Chinese-made materials and posted the entire investigative works in YouTube . and most of its claims are subsequently acknowledged by the rail operator SMRT and the transport authorities in Singapore , Land Transport Authority . The entire issue has since generated
190-607: A former Terex facility. CRRC provided railcar designs and some components, and Majestic Legend invested US$ 6 million; the plant was operational by the beginning of 2016. In August 2016, at the request of a letter from 55 US House of Representatives members alleging that Vertex was being unfairly subsidized by the Chinese government, the United States Department of the Treasury began an investigation into whether
228-564: A full scale wind power industry. In 2013, the company began providing underground cars for Line A of the Buenos Aires Underground in Argentina, with the 150 cars to make up the entirety of the line . That same year, the company delivered 20 locomotives and 220 coaches to the country for Trenes Argentinos ' long distance broad gauge rolling stock. CNR company began delivering 81 Diesel Multiple Units in 2015 for
266-658: A huge amount of controversies in Hong Kong and Singapore with some rumors spreading in the Internet as well. On 9 September 2020 Bucharest City Hall sent to the Association Astra Vagoane (Romania) - CRRC Qingdao Sifang (China) a "Communication on the outcome of the award procedure for Purchase of 100 trams. By this address, the mentioned association is notified that the winner of the procurement procedure has been designated and that it will be informed of
304-485: A rolling stock plant in Batu Gajah , Perak , Malaysia , a satellite of CRRC Zhuzhou Locomotive , and the corporation's first plant outside China. Additionally the former CSR had acquired Emprendimientos Ferroviarios in Argentina in 2014 and announced in 2016 that it would begin maintenance and production of new rolling stock for export in the country. Argentina had previously purchased a variety of rolling stock from
342-749: Is a Chinese rolling stock manufacturer based in Qingdao , Shandong province. Founded in 1900 during the German occupation , Qingdao Sifang is one of the oldest rolling stock manufacturers in China. Following the Juye Incident , the German army landed at Tsingtao in 1897. In 1898, the Qing government signed the Jiao'ao Concession Treaty with Germany, which made Tsingtao a German colony. This treaty also granted
380-719: The Belgrano Sur Line in Buenos Aires, operated by Trenes Argentinos . In October 2014, CNR made a major breakthrough into the North American market by winning a $ 567 million contract to supply 284 metro cars for the Massachusetts Bay Transportation Authority 's Orange (Type B car) and Red (Type A car) lines, with an option for 58 more. CNR plans to dedicate two manufacturing lines at a Chinese facility and build
418-758: The C151A trains, the fourth generation MRT train for SMRT Trains , in Singapore. A total of 22 trainsets were built with 6 carriages each. By 2010, half of the trainsets are completed, and testing was done in 2011 by Kawasaki Heavy Industries , before full delivery in December 2011. These trains now serves the North South line & East West line in Singapore. Another 78 cars (13 trainsets) of C151A trains which in production to be delivered by 2014. In 2012, KHI and CSR Sifang will collaborate to manufacture
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#1732798296020456-587: The Gupta family . The United States Department of Defense alleges CRRC is a supplier to People's Liberation Army . In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CRRC. In October 2022,
494-581: The Chinese investment in Vertex constituted a national security risk. 42 US Senators sent a similar letter in September, conveying concerns about the state-owned enterprises behind Vertex. The Treasury Department released its report in December and found that the joint ownership was not a risk. In late 2015, Yu Weiping, one of the vice-president of the company, stated the company planned to double overseas sales over five years, with North American passenger rail being one target. Interim six month financial results for
532-717: The German government the right to build the Jiaoji Railway and develop the mineral deposits along the route. Kaiser Wilhelm II was determined to make Tsingtao a "model colony" and a bridgehead for the German army in the Far East . As a result, German authorities built a number of factories in Tsingtao between 1900 and 1910. In October 1900, while building the Jiaoji Railway, German authorities began constructing
570-695: The Shantung Railway Administration, which had five departments: general affairs, transportation, engineering, accounting and mining, and the Tsingtao Workshop. During the Japanese occupation, additional facilities such as sand casting factories, passenger wagon yards, wheel factories, copper casting yards were built, and the number of employees reached more than 1,500. In 1938 the Beiyang government took over control of
608-797: The Shantung Railway Syfang General Repair Works ( Hauptreparatur-Werkstätte Syfang der Schantung-Eisenbahn ), which was under the Shantung Railway Company ( Schantung-Eisenbahn-Gesellschaft ), with a total investment of 1,587,000 marks . It became China's third rolling stock factory after Tangshan and Dalian . The factory was located near the Sifang Railway Station in Sifang Village, with more than 10,000 square meters of factory spaces and more than 400 workers, and
646-587: The United States Department of Defense added CRRC to a list of "Chinese military companies" operating in the U.S. In February 2024, the European Union launched an investigation into CRRC for allegedly using state subsidies to undercut European suppliers. As of 31 December 2016, CRRC was majority owned by CRRC Group directly and indirectly (via CRRC Financial and Securities Investment, Chinese : 中车金证投资 for 1.64%) for 55.91% of total share capital (all in A share ). Other state-owned entities of
684-458: The ability to better compete internationally. The merger came into effect 1 June 2015, with each CNR share exchanged for 1.1 CSR shares - the combined company became the largest railway rolling stock manufacturer in the world, and held over 90% of the Chinese market. Total employment of the combine was 175,700 persons, and the share capital was valued at CN¥ 27.289 billion . After the re-merger, CRRC started expanding overseas; after being awarded
722-509: The agency's Red and Purple lines, with an option for another 218 cars. The LACMTA order will result in a 41,218 square feet (3,829.3 m) assembly plant (installing propulsion, HVAC and other general assembly) being built in LA. Delivery of the MBTA Red and Orange Line cars was severely delayed, and problems with electrical shorts, loose brake bolts, and derailments led to several removals of
760-837: The central government, such as China Securities Finance (2.87%) and Central Huijin Investment (1.12%), also owned a minority stake. In terms of different shares, BlackRock owned 6.13% H shares in long position (267,971,072 number of shares), or 0.98% in terms of total share capital. Himalaya Capital , a Seattle based mutual fund also owned about 6.13% H shares in long position (267,904,000 number of shares). Other shareholders each owned less than 1% shares in terms of total share capital. CRRC has two operating units: On 8 January 2016 CRRC Corporation purchased 13.06% stake of China United Insurance Holding ( Chinese : 中华保险 ) from China Insurance Security Fund for CN¥4.455 billion. It also joint-owned Zhuzhou Times New Material Technology with parent company CRRC Group . In November 2016
798-502: The company (via CRRC Zhuzhou Locomotive ) confirmed plans to buy Škoda Transportation based in the Czech Republic . The deal eventually did not go through. On 1 March 2024, CRRC 40% with Grupo Comporte 60% entered at Trens Intercidades Proposal with the possibility to deliver 22 inter-city trains, to be used from Luz Station to Campinas since supposidelly 2030. China CNR China CNR Corporation Limited (CNR)
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#1732798296020836-682: The company over the years, including 704 EMU cars , 81 DMU cars, 44 passenger locomotives, 360 carriages, 107 freight locomotives and 3,500 freight cars, in addition to the 150 200 Series cars for the Subte . In 2017, the Argentine government purchased an additional 200 EMUs from CRRC. In mid-2015, CRRC formed a freight wagon joint venture, Vertex Railcar , as a minority partner with Hong Kong-based private equity firm Majestic Legend Holdings to establish production in Wilmington, North Carolina at
874-557: The contract was US$ 632 million up to US$ 1.3 billion with options; as a consequence CRRC began development of a US$ 40 million assembly factory in Chicago, designed by Itasca, Illinois -based Cornerstone Architects Ltd. In March 2017, the subsidiary CRRC MA (based in Quincy, Massachusetts ) was awarded a contract by SEPTA to construct 45 bi-level rail cars with the option for 10 additional cars for delivery in October 2019. The SEPTA order
912-547: The new 168 cars (28 trainsets) of C151B trains and will deliver from 2015 till 2017. An additional 174 cars (29 trainsets) of C151B trains were ordered in 2014 and will be delivered from 2017 till 2019 and a total of 57 trains but they have been reduced to 45 set as they announced and the first trainset was delivered in 2015, Another 12 set of C151C trains are expected to be added by 2019 which were ordered in 2015. In 2013, Kawasaki Heavy Industries (KHI) planned to sue CSR Sifang for patent infringement after their partnership
950-477: The new company showed an increase in overseas revenue of over 60%. Half year revenue was CN¥91.8 billion, with a gross profit of CN¥19.5 billion. Non-rail revenue (car equipment, generators) was CN¥20.94 billion. In March 2016, CRRC Qingdao Sifang was awarded a contract to build 400 7000-series cars for the Chicago Transit Authority (CTA), with an option for another 446 cars. The cost of
988-518: The new trains from service. The company blamed supply chain issues caused by the COVID-19 pandemic , but an MBTA official told CRRC MA management it "has completely abandoned its core responsibilities and commitment to lead, monitor and support quality management", and cited 16 specific failure areas. Workers at the site reported problems with quality tracking, trains being advanced through the assembly process despite missing parts, assembly occurring in
1026-423: The project” after spending $ 50 million on the project. CRRC expressed their disappointment at the cancellation, stating “[they] remain committed to completing the project.” In June 2016 a predecessor company of CRRC, CSR Corporation Limited , was implicated in allegations of bribery to obtain a 2012 US$ 6 billion tender to deliver 600 locomotives to the state owned Passenger Rail Agency of South Africa (PRASA). It
1064-422: The rolling stock manufacturer but constant political turmoil left railway development on hold until 1949. After 1949 the facility became Sifang Works and in 1952 produced China’s first indigenous steam locomotive, August 1st , then through the 1960s and 1970s became a supplier to China Railway passenger cars and later expanded to export markets by the 1980s. Bombardier Sifang (Qingdao) Transportation Ltd
1102-725: The same year CNR Dalian 's CKD7C were exported to the Republic of Congo. The company made an IPO of $ 2bn in 2009 on the Shanghai stock exchange. From the early 21st century onwards the group began a strategic diversification into wind turbine manufacture - its first major new facility was a 500 turbine per year capacity factory in Songyuan , (built 2009–11), established through CNR Wind Power Co. The company expects to invest ~35 billion Yuan in CNR Wind Power to establish
1140-439: The wrong order, and being left with nothing to do for months at a time because a disorderly invoice system failed to reliably pay suppliers for parts. In 2023, CRRC received the equivalent of US$ 214 million in state subsidies . In April 2024, SEPTA terminated their order of bi-level rail cars, citing delays and poor build quality. They have stated “The authority is assessing its options for recouping funds that have been spent on
1178-564: Was a primary manufacturer of locomotives and rolling stock for the Chinese market. The company has also exported to over 80 countries and regions, including Argentina, Australia, Brazil, France, Hong Kong, New Zealand. Saudi Arabia, Taiwan and Turkey. In 2015, the company merged with CSR to form CRRC . In 2008 China CNR was incorporated as the subsidiary of CNR Group (China Northern Locomotive & Rolling Stock Industry (Group) Corporation). China Chengtong Holdings Group and China Huarong Asset Management were minority shareholders. In
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1216-676: Was completed in 1902. Locomotive parts were imported from Germany and assembly was conducted by the Sifang plant. By 1914, a total of 1,148 locomotives, coaches, and wagons had been assembled or repaired. In 1914, the First World War broke out, and Germany was occupied with war at the homefront. Japan and the United Kingdom took the opportunity and launched the Siege of Tsingtao . The Shantung Railway Syfang General Repair Works
1254-643: Was damaged during the siege. In 1915, the Empire of Japan forced the Republic of China government to accept its Twenty-One Demands , which affirmed Japan's takeover of the German territories and railroad assets in Shantung . The Syfang General Repair Works was renamed Shantung Railway Syfang Workshop, which was temporarily managed by the Japanese Army . In March 1915, the Japanese army in Tsingtao established
1292-486: Was dissolved. KHI said it deeply regretted entering into the partnership. KHI subsequently dropped the action. In 2014, LTA had ordered the new 364 cars (91 trainsets with 4 cars) of T251 Trains with manufacture by KHI and CSR Sifang for future Thomson-East Coast line and will have fully automated and driverless trains, and also the first trains in Singapore to have 5 doors on each side and each carriage, These 91 new trains will deliver from 2018 onwards. On 5 July 2016,
1330-748: Was established in 1998 as a joint venture between Bombardier Transportation (Germany) and Sifang Locomotive and rolling stock company limited as a company for the production of high speed trains and high quality coaches. This joint venture includes a new IS development named JOSS (joint venture operating system support) By 2009 it had delivered over 1000 units, including the CRH1E ( Zefiro 250 ) high speed sleeper trains, and had secured an order for 80 CRH380D ( Zefiro 380 ) very high speed trains in an order estimated to be worth €2.7 billion ($ 4 billion, 27.4billion RMB ) in total. Kawasaki Heavy Industries (KHI) co-operated with CRRC Sifang Co Ltd. in year 2009 to produce
1368-621: Was reported that the future South African Public Protector Busisiwe Mkhwebane was implicated in the deal when she worked as Counselor Immigration and Civic Services in South Africa's embassy in China. By 2020 it was reported that funds allocated to pay for an adjusted contract to deliver the locomotives produced by CSR Corporation, now reformed into CRRC, had been frozen by the South African Revenue Service due to possible instances of corruption paid to associates of
1406-431: Was split up in 2002. In late 2014, CNR Group and CSR Group agreed to merge, subject to approval by the Chinese state. Under the agreement, CNR Group would formally acquire CSR Group (but CSR Corporation Limited would acquire China CNR Corporation Limited ), and the combined business would be renamed CRRC Group and CRRC Corporation Limited respectively. The rationales given for the merger were increased efficiency, and
1444-721: Was to be built at the Springfield plant and car shell manufactured from the Tangshan plant. CRRC was selected over Hyundai Rotem and Bombardier, which also bid on the bi-level contract and had each produced equipment for SEPTA in the past. Later in March 2017, CRRC was awarded a contract to build 64 HR4000 cars for the Los Angeles County Metropolitan Transportation Authority (LACMTA) that will replace existing vehicles on
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