CNR forms Aussie JV
Print Edition
BULLET train maker China CNR has formed a joint venture in Australia, its first such overseas partnership.
The new company, Pacific Rail Engineering Pty Ltd, is a 50-50 joint venture between CNR subsidiary Qiqihar Railway Rolling Stock and Australian firm B&W, according to a press release posted on the CNR’s website yesterday.
While Qiqihar Railway Rolling Stock has exported over 12,000 wagons to Australia since 2000, the new venture will see it also provide freight train repair services, according to the release.
The joint venture was set up after the recent merger of CNR and CSR, a move that was subject to anti-trust probes abroad.
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