Bombardier’s Chinese joint venture celebrates its 20th anniversary

• BST has demonstrated its competitiveness by continuously winning milestone high-speed train orders over the past 20 years
• The joint venture is a significant Bombardier centre of excellence for high-speed and commuter train manufacturing

BERLIN, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Today, Bombardier’s Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), celebrated the 20^th anniversary of its factory, inaugurated in 1998. The facility as well as its achievements are a testament to Bombardier’s commitment to contributing to China’s high-speed rail network and to strengthening its long-term relationship with its partner CRRC Corporation Limited (CRRC). Bombardier Transportation owns 50% of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Co., Ltd. Leaders from CRRC Qingdao Sifang Co., Ltd., CRRC Sifang Co., Ltd, Jinan Railway Bureau, Chengyang District government and Bombardier China participated in the ceremony.

Jianwei Zhang, Chairman of Bombardier China & President of Bombardier Transportation China, expressed, “As a unique qualified Sino-foreign company to manufacture high-speed trains and intercity passenger trains, BST had the honour to play a key role in the latest three generations of Chinese railway ‎passenger trains. These last 20 years have been ambitious and exciting times, given the pace at which China’s rail industry has developed. We thank the Chinese government and our customer CRC for their trust and we are looking forward to many more decades of sustainable success in China.”

In the past 20 years, BST has delivered more than 4,000 high-speed and intercity railway passenger cars. The joint venture plays an important role in the construction of China’s high-speed network by its milestone contracts, including its first order of 300 high-grade intercity cars awarded in November 1999, the order from Ministry of Railways (MOR) for 182 high altitude passenger rail cars for Qinghai-Tibet line in 2005, the order for 400 high-speed train cars and 240 EMU sleeper cars from MOR in 2007, the contract to supply 1,120 very high-speed train cars for MOR in 2009, and its first two contracts to supply 120 and 168 CR400AF new Chinese standard high-speed train cars for CRC in 2018 and 2019 respectively.

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 six joint ventures, seven wholly foreign-owned enterprises, and more than 7,000 employees. Together, the joint ventures have delivered more than 4,000 railway passenger cars, 580 electric locomotives and over 2,500 metro cars, Monorail, APM (Automated People Mover), and trams to China’s growing urban mass transit markets. Through its joint ventures, Bombardier also provides propulsion and signaling systems to third party metro car builders for use in more than 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 39,850 people and its products and services operate in over 60 countries.

About Bombardier
With over 69,500 employees across four business segments, 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 across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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