 |
In January,ferragamo shoes natura, the company signed an agreement with the Australian miner Fortescue Metals Group Ltd to deliver 260 mining cars to Australia. Boasting axle loads of 40 tons, they are the world's largest freight cars for rail.
"Australia and Eastern European countries are our next targets,ferragamo men briefcase,replica uggs," he said. CNR has formed a 50-50 joint venture with Poland's PKP Cargo SA in Warsaw to manufacture trains for European markets. 2011-04-09 09:54:42.0Zhang QiTrain maker heads overseas to further expansion planscnr,train,railway,Abroy.com - Games along with Smart People,expansion,china economyCNR Corp1811048827Companies2@usa/enpproperty-->Workers at a railway yard perform maintenance work on high-speed trains produced by China CNR Corp in Beijing. The company's overseas operations contributed 4.49 billion yuan ($685 million) in sales in 2010. [Photo/Agencies]
The Shanghai-listed company reported revenue of 62.18 billion yuan in 2010,cheap uggs, an increase of 53 percent year-on-year, while its net profit was 1.91 billion yuan, 45 percent higher than the previous year.
China operates a high-speed rail network with a total length of 7,531 kilometers, the world's longest. With a budget of 2 trillion yuan, the network will serve more than 90 percent of the population by 2020, according to the government's blueprint.
The company's overseas operations contributed 4.49 billion yuan ($685 million) in sales in 2010, while its exports reached $1.39 billion, according to its annual results released on Friday.
"CNR will continue to establish manufacturing bases abroad, especially in countries with high business volumes," said Gao Zhi, CNR's vice-president and chief financial officer.
Gao said the company aims to raise the proportion of overseas business to 20 percent by 2015 to become a truly international company.
Apart from developing the domestic market in response to fast-growing demand, the nation has also made moves to take a bigger slice of the global market.
China has signed agreements for bilateral cooperation on railways with more than 30 countries since 2003,mulberry shop, including the United States, Russia,cheap ugg boots In Asia, Mandarin is on the rise, Brazil, Saudi Arabia, Turkey, Poland and India.
CNR has been exporting freight cars to Australia since 1999,ugg australia,ugg australia Do and unfortunately your some of co, when it became the first Chinese train maker to export such vehicles to a developed economy. It has also worked with global miners such as Rio Tinto Group and BHP Billiton Ltd. In all, CNR has already exported more than 5,000 freight cars to Australia.
Related readings:
China CNR 2010 net profits surge 45%
CNR to deliver high-load freight cars
China CNR, CSR jump on reports of UK deal
Train makers hope to be on track for big US rail plan
BEIJING -China CNR Corp, one of the nation's leading train manufacturers, aims to open factories in Australia and Eastern Europe to tap international opportunities,mulberry hobo, said a senior company executive on Friday.
Related articles：
