| Type | Limited company |
|---|---|
| Industry | Rail - locomotive and rolling stock manufacturing |
| Predecessor | China North Locomotive and Rolling Stock Industry (Group) Corporation (founded Sept 2000)[1] 中国北方机车车辆工业集团公司 |
| Founded | 2008 |
| Headquarters | Beijing, China |
| Key people | President: Cui Dianguo Chairman: Mr. Wang Ligang |
| Owner(s) | majority State-owned enterprise |
| Website | www.chinacnr.com |
China CNR Corporation Limited (CNR; Chinese: 中国北车集团) formerly known as China North Locomotive and Rolling Stock Industry (Group) Corporation is a state-owned enterprise supervised by the State Council of the People's Republic of China.
Contents |
In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC) was formed, comprising 35 production sites and 4 research centres. In 2000 the China Northern Locomotive & Rolling Stock Industry (Group) Corporation (also known as China Beichi Group)[2] was formed from this group.[3] Its main competitor, the China South Locomotive and Rolling Stock Industry (Group) Corporation was formed in 2002.[4]
In 2008 the group was reorganised into the China North Locomotive and Rolling Stock Corporation Limited (or China CNR Corporation Limited)[3] with a minority shareholding contributed by China ChengTong Holdings Group and China Huarong Asset Management Corp.[2]
The company made an IPO of $2bn in 2009 on the Shanghai stock exchange.[5][6]
The corporation has numerous subsidiaries at various sites in China:[7]
China CNR Corporation carried out import and export orders between 1998 and 2005 through the LORIC Import & Export Corp., Ltd.[8] The subsidiary CNR Logistic Development Corp., Ltd., established in 1998 deals with export sales of CNR vehicles and parts.[9]
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