Breaking


Showing posts with label CRRC. Show all posts
Showing posts with label CRRC. Show all posts

Sunday, 28 August 2016

06:31

China’s largest train maker launches India ops with Haryana factory

China’s largest train maker launches India ops with Haryana factory
China’s biggest high-speed train and railway equipment maker announced that its first joint venture in India has started operations over the weekend in Haryana, in an indication that Sino-India cooperation in the railways sector was poised to take off.
It is for the first time that the Beijing-based China Railway Rolling Stock Corporation (CRRC) – a mammoth state-owned enterprise (SOE) in China with more than 175,000 employees – was setting up a joint venture in south Asia.
A subsidiary of the company has supplied subway trains for the Rio De Janeiro Olympics.
Its first plant in North America started operations in September 2015 in Massachusetts.
The Sino-India joint venture, expected to manufacture and repair locomotive engines, is being called the CRRC Pioneer (India) Electric Company and has been set up in the Bavo Industrial sector in Haryana, on the New Delhi and Mumbai industrial corridor.
“Total investment is $ 63.4 million and the Chinese side holds 51% of the share,” the CRRC said in a statement.
“It will also provide technology support to India’s rail system, and supply electric transmission systems to oil drilling, wind power generation and mining equipment making in India,” the statement said.
“It is the first time for the company to open a plant in south Asia where one of the world’s most comprehensive rail system spans. CRRC is also the first foreign company to set up assembly line of rail transportation equipment in India after PM Narendra Modi unveiled his ambitious ‘Made in India’ campaign in 2014,” it added.
The Chinese company has been present in the Indian market since 2007, supplying subway trains, engines and other equipment.
It will, however, be the first time that CRRC begins manufacturing in India.
“Given more than 60,000 kilometres of railways in India, it is far from enough to build a single locomotive engine plant in India,” company vice-president Yu Weiping said.
“CRRC will build more plants able to produce trains, locomotive traction systems and other key parts in India,” he added.
CRRC Corporation was formed in 2015 following a merger between China CNR Corporation Limited and CSR Corporation Limited and has since focussed on foreign markets.
In March, the Delhi Metro Rail Corp and CRRC Nanjing signed a Memorandum of Understanding for supply of 19 four-car train sets for the Noida metro.

0
By at No comments:
Labels: , , , ,

Tuesday, 5 January 2016

14:44

CRRC Corp bags Noida Metro Order for supply of 76 Coaches

CRRC Corp bags Noida Metro Order for supply of 76 Coaches

Noida: The financial bidding for the supply of rakes for the Noida-Greater Noida Metro project was finalised in New Delhi on Monday where Chinese state-owned rolling stock manufacturer CRRC Corporation Limited emerged the lowest (L1) bidder for the supply of 76 coaches for the 29.9-km Noida Metro Rail corridor.

The financial bid will be further evaluated by DMRC and the tender is expected to be awarded by the end of the month, officials said. Once the contract is awarded, each Metro car could come at about Rs 11 crore, inclusive of taxes and duties.

According to DMRC officials, three firms including Alstom, a French multinational company operating in the worldwide rail transport markets, Bharat Earth Movers Limited (BEML) and CRRC Corporation Limited were in the race for bagging the Rs 860 crore order for the rolling stock.

“CRRC Corporation has bid much lower than the estimated price. The bid will now be evaluated and the tender will be awarded by the end of the month,” a DMRC official told. The selected company will be responsible for the design, manufacture and commissioning of the cars. The procurement of these cars will be funded by the Noida Metro Rail Corporation (NMRC).

The delivery of trains will be done in about 76 weeks or earlier, officials said. The trains will have four coaches each as against the earlier plan of three-coach trains. Officials said the number of cars has been increased following DMRC experience and study of traffic patterns.

The official added, “19 trains will run between Noida and Greater Noida at a frequency of 10 minutes initially and five minutes during peak hours. As regards peak directional traffic load, the frequency will be tweaked to address commuter traffic.” With a capacity of carrying 300 passengers in each coach, every Noida-Greater Noida 4-car train will be able to accommodate 1,200 passengers and at every 5 minute frequency about 15,000 commuters will be ferried. The DMRC can also increase the rolling stock to six-car trains in the future.
CRRC’s subsidiary – CSR Nanjing Puzhen has supplied 16 train-sets of 4 coaches for the 11.4 km Versova – Andheri – Ghatkopar line. The Mumbai Metro One Pvt. Ltd. has the option to increase this order to 18 train-sets of 6 coaches if required. CSR Zhuzhou has supplied 5 train-sets of 3 coaches and is in the process of supplying 7 additional trains to take care of the under construction 7 km Phase 2 project. CSR Zhuzhou again won an order in 2014 to supply an unspecified number of trains for the 11.10 km Navi Mumbai Metro project. The train design is yet to be revealed.  CRRC’s subsidiary – CNR Dalian won an order in 2015 from Kolkata Metro to provide 14 trains of 8 coaches for a total of 112 coaches for the existing north-south line as well as the under construction BBD Bagh-Joka and New Garia – Airport metro lines. Like Navi Mumbai, the trains’ design is yet to be revealed.
0
By at No comments:
Labels: , ,

Sunday, 2 August 2015

15:27

Maxwell Technologies selected as exclusive Energy Storage Supplier by CRRC

Maxwell Technologies Inc. announced July 30 that it has signed a long-term strategic partnership agreement with China Railway Rolling Stock Corp., subsidiary of CRRC. The agreement will examine multi-year collaboration activities between the two companies to jointly develop new application-specific, next-generation capacitive energy storage solutions that meet application requirements of CRRC-SRI’s customers in the Chinese rail market.

Capacitive energy storage technology offers high-power density performance under extreme temperatures with long operational lifetimes and is ideally suited for rail transportation applications, particularly onboard commuter rolling stock modalities such as subway and light rail. CRRC-SRI selected Maxwell based on its global leadership in developing and delivering high-quality ultracapacitor solutions proven in global transportation applications such as start-stop autos and hybrid buses, which require rapid braking, energy recuperation and power delivery. Maxwell will work closely with CRRC-SRI to develop solutions uniquely designed to address the growing Chinese rail market.

“The current expansion of rail transportation infrastructure in China will continue well into the next decade and has higher requirements on energy saving and environment protection now and in the future, particularly for onboard rail vehicles,” said Liu Baoming, chairman of CRRC-SRI. “We firmly believe capacitive energy storage technology is essential to providing solutions that meet those energy-saving and environment-protection requirements. We highly value Maxwell Technologies’ expertise in capacitive energy storage and trust its technology leadership to help us keep pace with the rate of innovation required now and into the next decade.”

“Rail transportation applications are an excellent match for ultracapacitors, and the rail market will be a significant opportunity for Maxwell,” said Franz Fink, Maxwell’s president and chief executive officer. “In China, advanced energy storage and power delivery solutions will play an increasingly important role in improving efficiencies and reducing carbon emissions. Our partnership with CRRC-SRI represents an excellent opportunity for us to generate meaningful revenue in a three-to-five-year horizon through the co-development of application-specific technology and products for the expanding China rail market.”

About Maxwell Technologies: Maxwell Technologies is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Maxwell ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Maxwell’s radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please visit website: www.maxwell.com.
0
By at No comments:
Labels: , , ,

Thursday, 9 July 2015

21:28

China eyes rail deals overseas after tie-up

China eyes rail deals overseas after tie-up

Tokyo: China is forging the country’s answer to General Electric, combining two state-owned railroad equipment makers to create the world’s second-largest industrial company. And the giant is not planning to stay at home.

The merger of CSR Corporation and China CNR Corporation is now complete, producing a nearly $130bn behemoth called CRRC Corporation, with economies of scale that will allow China to compete even more aggressively for overseas rail deals.

China is using its state-owned rail firms not just to win lucrative contracts but to project political influence abroad. CRRC will dwarf competitors such as Germany’s Siemens and France’s Alstom as it targets emerging markets in Africa, Latin America and Southeast Asia (often with sales pitches from Premier Li Keqiang) while bidding for high-profile contracts in the developed world.

“It used to be that CSR and CNR were competing against Bombardier and Alstom; now it has become China versus everybody else,” said the head of industrials research for CLSA in Hong Kong, Alexious Lee.

“China’s products may not boast high-end specifications, but they provide value for money,” he said.

CRRC comes on the scene at a time of upheaval in the global rail industry. Canada’s Bombardier is pondering the future of its rail business (CSR and CNR were said to have considered taking a controlling stake) and Italy’s Finmeccanica unloaded its rail-signalling business to Japan’s Hitachi in February.

Close to home, China’s rail push puts it in direct competition with Japan for contracts and clout in Southeast Asia. Further abroad, both countries are eyeing a proposed high-speed rail project in California, US.

European and North American competitors also will face stiffer competition as the new Chinese behemoth pursues overseas deals. Chinese companies already were known for their aggressive tactics: last year, CNR won China’s first major rail contract in North America — a $567m deal for Boston subway trains — with a proposal nearly 50% cheaper than Montreal-based Bombardier’s bid.

Siemens, Alstom and Bombardier “were big guys, and suddenly there’s a big, big guy,” Canadian economy minister Jacques Daoust said last month, when CSR and CNR were said to be weighing their bid for Bombardier’s rail unit. “It’s a concern.”

CRRC’s heft might hold some benefit for competitors, who could make money supplying components and signalling systems while the Chinese giant provides the trains. “The Chinese will make the train vehicles but they still need Japan-made parts and components,” said Iwai Cosmo Securities senior analyst Hiroyasu Nishikawa in Tokyo.

In recent years both Siemens and Alstom have grown their shares of the rail-signalling market, capturing service and replacement contracts. When Hitachi beat out CNR for Finmeccanica’s signalling unit in February, some Europeans exhaled.

Firms from China participated in 348 overseas rail projects and exported $3.74bn worth of locomotive equipment last year, commerce ministry official Zhi Luxun said in February.
0
By at No comments:
Labels: , , , , ,