CRRC look­ing to branch out

China Daily (Canada) - - ACROSS AMERICAS - By HEZI JIANG in New York hez­i­jiang@chi­nadai­lyusa.com

China Rail­way Rolling Stock Corp (CRRC) said it is in­ter­ested in man­u­fac­tur­ing ve­hi­cles for all forms of rail trans­porta­tion in the US, from sub­way cars to trains, from freight wag­ons to high­speed lo­co­mo­tives.

The com­pany is bid­ding for a dou­ble-decker train con­tract in Philadel­phia, CRRC Vice-Pres­i­dent Yu Weip­ing told China Daily on Mon­day in New York. He also men­tioned a bid for a sub­way project in Los An­ge­les dur­ing an in­ter­view with Bloomberg.

Yu’s com­ments came af­ter the com­pany won a $1.3 bil­lion con­tract last month to sup­ply up to 846 new rail­cars for the Chicago Tran­sit Au­thor­ity (CTA) — the largest rail­car pur­chase in CTA’s his­tory. The pro­to­type cars are sched­uled for de­liv­ery in 2019, and are ex­pected to be in ser­vice the fol­low­ing year.

Yu said the two sides are fi­nal­iz­ing the deal, and along with the or­der, CRRC will build a new rail­car-assem­bly fa­cil­ity in the Windy City, gen­er­at­ing about 170 jobs.

It will be CRRC’s sec­ond fa­cil­ity in the US. Con­struc­tion be­gan on the first 220,000-square-foot man­u­fac­tur­ing plant in Spring­field, Mas­sachusetts, last Septem­ber, and ac­cord­ing to Yu, the work has been go­ing smoothly, with com­ple­tion sched­uled for fall 2017. The first cars are ex­pected to be de­liv­ered in 2018.

“We ex­pand glob­ally, and we op­er­ate lo­cally,” said Yu. “Th­ese lo­cal in­vest­ments help us to adapt faster and es­tab­lish re­la­tion­ships.

“The two fa­cil­i­ties in Spring­field and Chicago will pro­vide about 300 di­rect jobs, and more in­di­rect ones through­out the sup­ply chain,” he said.

CRRC also has taken a mi­nor­ity stake in a joint ven­ture to man­u­fac­ture freight wag­ons in Wilm­ing­ton, North Carolina.

The com­pany is also in­volved in a high-speed rail project be­tween Los An­ge­les and Las Ve­gas, an­nounced last Septem­ber.

“The US will cer­tainly have more and more high-speed rails,” said Yu. He be­lieves a high-speed rail be­tween Bos­ton and Wash­ing­ton DC through New York City is much needed, and the line would be prof­itable.

Unit: % Unit: bil­lion yuan 2015 2014

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