China Northern Locomotive & Rolling Stock Industry (Group) Corporation commonly known as CNR Group was a Chinese locomotive and rolling stock manufacturer, and later holding company of China CNR .
12-696: CNR Group merged with CSR Group in 2015 to form CRRC . In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation [ zh ] (LORIC) was formed, comprising 35 production sites and 4 research centres. In 2002 the China Northern Locomotive & Rolling Stock Industry (Group) Corporation was spin-off from LORIC. Its main competitor, the China South Locomotive and Rolling Stock Industry (Group) Corporation
24-1148: A 1:1 share swap; the resultant company (value ~$ 26billion) was to be named CRRC . The two companies formally merged on 1 June 2015. At the time of the restructuring and share issue in 2008 the company had 20 subsidiaries: The main factories for the manufacture of locomotives are installed in Zhuzhou (electric locomotives), Ziyang , Luoyang, Xiangfan (diesel locomotives), Qishuyan , and Chengdu (the latter two also producing carriages). Carriages are built in factories in Nanjing, Zhuzhou, Beijing, Meishan, Wuchang, Tongling, Shijiazhuang, Wuhan and Guiyang. The company has two research institutes in Zhuzhou and Qishuyan. Main models manufactured: The firm also built subway trains, particularly for networks in Shanghai Metro and Beijing Metro . A joint venture between CSRC and Australian -based United Group manufactured MTR with 21 Phase IV LRV cars delivered in 2009. In June 2016
36-568: A 669 million euro agreement with Siemens under CEO Klaus Kleinfeld that gave them access to the intellectual property jewels of the latter. The first of these trains were to run in 2008 on the Beijing - Tianjin route. Only the first three of 60 trains were to be built in Germany. The balance were built in Tangshan , Hebei Province at the plant which is now named CRRC Tangshan . In 2008,
48-512: A holding company only. In 2015 CSR Group was merged with CNR Group to form CRRC Group . In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation [ zh ] (LORIC) was formed, comprising 35 production sites and 4 research centres. In 2002 LORIC was separated from the Ministry of Railways and China South Locomotive and Rolling Stock Industry (Group) Corporation (CSRG, Chinese : 中国南方机车车辆工业集团公司 )
60-466: A new Special purpose vehicle was incorporated, receiving major assets of the group and floated in both Shanghai and Hong Kong Stock Exchange . Some auxiliary assets of the group remained unlisted. The holding company also formed a new investment vehicle CNR Ship & Ocean Engineering Development in ship building. Chonghe Marine Industry was a minority shareholder in that vehicle . In 2015 CNR Group absorbed CSR Group , and renamed to CRRC Group ;
72-473: The Chinese name of CSR Group was renamed ( Chinese : 中国南车集团公司 ). CSR Corporation Limited CSR Corporation Limited ( CSR ), formerly known as China South Locomotive & Rolling Stock Corp was a Chinese manufacturer of locomotive and rolling stock. In 2015, the company merged with China CNR to form CRRC . In 2007 the China South Locomotive & Rolling Stock Corporation Limited (CSR)
84-409: The flagship subsidiaries, China CNR and CSR , also merged as CRRC . CSR Group CSR Group Corporation formerly known as China South Locomotive and Rolling Stock Industry (Group) Corporation (abbreviation: CSRG ), was a Chinese locomotive and rolling stock manufacturer. In 2007, the major assets of the group was spin-off and formed CSR Corporation Limited , making the corporation became
96-402: The market for multiple units (by volume), as well as a ~50% share in locomotive and wagon refurbishment. In the same period overseas sales accounted for ~7-8% of revenue. In 2008 most of the assets were floated as China South Locomotive & Rolling Stock Corp., Ltd. (later known as CSR Corporation Limited), except some auxiliary assets, as well as the shares of South Huiton. In April 2010
108-707: Was formed in the same year. Both CNR Group and CSR Group were also transferred from the Ministry of Railways to the State-owned Assets Supervision and Administration Commission of the State Council at that time. CNR Group carried out import and export orders between 1998 and 2005 through the LORIC Import & Export Corp., Ltd. The subsidiary CNR Logistic Development Corp., Ltd., established in 1998 deals with export sales of CNR vehicles and parts. In November 2005, CNR Group signed
120-611: Was formed. Its main competitor, the China North Locomotive and Rolling Stock Industry (Group) Corporation was formed in the same year. In 2002 the group manufactured the 270 km/h (170 mph) China Star high speed EMU at the Zhuzhou Electric Locomotive Works . Since 2003, the group no longer tax-free on property tax and land rent. Between 2004 and 2007 CSR had ~50% of the internal Chinese market for locomotives and ~80% of
132-631: Was formed. as a special purpose vehicle for potential initial public offering for the major assets of state-owned CSR Group . Some auxiliary assets were left in the group and remained unlisted. The company's H shares were first traded on the Hong-Kong stock market on 21 August 2008, the company's A shares began trading on the 18 August 2008. The shares also began trading on the Shanghai Stock Exchange in August; $ 1.57 billion
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#1732775712761144-498: Was raised in the share offers. A 40% stake in the company was offered in total on the two exchanges. On 26 December 2011, CSR announced that it had successfully tested a super high speed train that was capable of traveling at 500 km/h. In February 2014, CSR acquired the Argentine rolling stock manufacturer Emprendimientos Ferroviarios . At the end of 2014 CSR and its rival CNR announced their intention to merge, with
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