China Northern Rail Corporation Limited
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Native name
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中国北车股份有限公司 |
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| Limited company | |
| Traded as | : 6199; : |
| Industry | Rail transport |
| Predecessor | China North Locomotive and Rolling Stock Industry (Group) Corporation (founded Sept 2000) 中国北方机车车辆工业集团公司 |
| Successor | CRRC Corporation |
| Founded | 2008 |
| Defunct | June 1, 2015 |
| Headquarters | Beijing, China |
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Area served
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Worldwide |
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Key people
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Cui Dianguo (president) Wang Ligang (Chairman) |
| Owner | Majority State-owned enterprise |
| Website | chinacnr.com |
China CNR Corporation Limited (CNR; Chinese: 中国北车股份有限公司), formerly known as China North Locomotive and Rolling Stock Industry (Group) Corporation was a state-owned enterprise supervised by the State Council of the People's Republic of China. The company was a primary manufacturer of locomotives and rolling stock for the Chinese market. The company has also exported to over 80 countries and regions, including Australia, Turkey, New Zealand, Saudi Arabia, Hong Kong, Taiwan, Argentina, Brazil and France.
In 2015, the company merged with CSR Corporation to form CRRC Corporation.
In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC) was formed, comprising 35 production sites and 4 research centres. In 2000 the China Northern Locomotive & Rolling Stock Industry (Group) Corporation (also known as China Beiche Group) was formed from this group. Its main competitor, the China South Locomotive and Rolling Stock Industry (Group) Corporation was formed in 2002.
"China CNR Corporation" carried out import and export orders between 1998 and 2005 through the LORIC Import & Export Corp., Ltd. The subsidiary CNR Logistic Development Corp., Ltd., established in 1998 deals with export sales of CNR vehicles and parts.
In 2008 the group was reorganised into the China North Locomotive and Rolling Stock Corporation Limited (or China CNR Corporation Limited) with a minority shareholding contributed by China ChengTong Holdings Group and China Huarong Asset Management.
The company made an IPO of $2bn in 2009 on the Shanghai stock exchange.
From the early 21st century onwards the group began a strategic diversification into wind turbine manufacture - its first major new facility was a 500 turbine per year capacity factory in Songyuan, (built 2009-11), established through CNR Wind Power Co.. The company expects to invest ~35billion Yuan in CNR Wind Power to establish a full scale wind power industry.
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Wikipedia