Bombardier’s joint venture to provide maintenance service for 656 high-speed train cars in China
This new maintenance service contract further illustrates BST’s full capacity to deliver integrated solutions to China’s railway industryThe maintenance service contract for 560 cars awarded by CHINA RAILWAY in 2019 has been delivered to high qualityBERLIN, Jan. 20, 2020 (GLOBE NEWSWIRE) –Note to editors: To view the photo associated with this press release, please visit the following link: https://www.globenewswire.com/NewsRoom/AttachmentNg/af9a1aed-7b98-43ae-86b2-dcf41d4edd06 Global mobility solution provider Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded a contract with China State Railway Group Co., Ltd. (CHINA RAILWAY) to provide maintenance service for 656 high-speed train cars (71 trains), which BST manufactured for China’s evolving high-speed rail network. The total contract is valued at approximately 2.45 Billion CNY ($357 million US, 321 million euro). Bombardier Transportation owns 50 per cent of BST shares, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Rolling Stock Co., Ltd.Jianwei Zhang, President, Bombardier Transportation China, said, “We are very honoured to be awarded this maintenance service contract at the beginning of this year. Our team’s skills and experience across the portfolio will ensure we deliver a high-quality maintenance service. In China, we bring together integrated designing, manufacturing and maintenance service expertise to support our customers’ strategic goals, and we look forward to contributing further to the development of China’s railway industry.”BST won this contract to provide maintenance service for 656 cars, which includes CRH1A-A, CRH1A, CRH1B, CRH1E and CRH380D, in total 71 trains, for different levels of maintenance. All the maintenance will be completed by the end of 2020. In February last year, BST was awarded a maintenance contract for 560 cars and has successfully delivered the service. The award of this new maintenance contract further illustrates both customer’s trust in BST and BST’s full capacity to deliver integrated solutions to our customers’ specific needs in the high-speed train sector.Bombardier Transportation in China is the full solution provider across the entire value chain. From vehicles and propulsion to services and design, Bombardier Transportation in China has seven joint ventures, six wholly foreign-owned enterprises, and more than 8,000 employees. Together, the joint ventures have delivered 4,500 railway passenger cars, 580 electric locomotives and over 2,500 metro cars, Monorail, APM, and trams to China’s growing rail transit markets. It is a major signalling supplier for the Chinese high-speed network and through its joint ventures, propulsion equipment and signalling systems are utilized in a total of 30 Chinese cities.About Bombardier Transportation
Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 40,650 people and its products and services operate in over 60 countries.About Bombardier
With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.Notes to editors
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