Shenyang CNR Wabtec Rail Brake Technology Co., Ltd., a JV between Shenyang Rolling Stock Co., Ltd. of the China Northern Locomotive and Rolling Stock Industry (Group) Corporation (CNR) and the Wabtec Corporation, was established on September 16.
The project with total investment of 276 million yuan is not only the beginning of the U.S. Wabtec Corporation march into China market, but also shows that Shenyang will become the world's most advanced railway braking system manufacturing base.
Wabtec owns world's leading product design and manufacturing technology for railway brake equipment and rolling stock necessary equipment. The Wabtec Corporation has been the world's leader in the freight cars braking technology.
The JV's scope of operation is the design; manufacture and distribution of products, such as the braking system, accessories and test equipment of rail rolling stock and urban rail rolling stock, and it also provides maintenance services to these products.
By People's Daily Online
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