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China Gets Aboard Europe's High-Speed Rails
CNR Wins a $14 Million Siemens Order for Parts, Reflecting a Rare Foothold a
Year After Deadly Accident Raised Doubts
BY JAMES T. AREDDY
SHANGHAI—Beijing-based China CNR Corp. said it had secured a small but
important components order from Germany's Siemens AG that represents a rare
Chinese foothold in the Western market for high-speed trains, a year after a
deadly accident cast doubt on industry integrity.
The 91 million yuan ($14 million) order includes lengths of aluminum alloy
to be fashioned as the roofing, floors and walls of high-speed passenger
rail cars. "It's the first time China CNR will export key components for
high-speed trains to Europe," said a CNR executive.
Siemens cited a shortage of production capacity in Germany and said the
order ... |
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