CSR to set up ASEAN center in Malaysia
Source: Xinhua |
July 19, 2012, Thursday
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Print Edition
Print Edition
CHINA'S leading railways manufacturer, China South Locomotive and Rolling Stock Corp (CSR), yesterday announced plans to set up its ASEAN manufacturing center in Malaysia, citing great market potential in the region as well as close China-Malaysia relations.
CSR Zhuzhou Electric Locomotive Co, a subsidiary under CSR and an active player in Malaysia's mass transit projects, announced plans for a 20-hectare facility to be located in Batu Gajah, Perak State, some 200 kilometers from the capital Kuala Lumpur.
The company will invest up to 400 million ringgit (US$126.7 million) in the "CSR ASEAN Rail Center," which would cover all-in-one work scope of production, assembly, testing, overhaul and refurbishment, said Luo Chongfu, the company's vice president of investment and strategic development.
"We are expecting to generate more than 800 jobs for Malaysians," he said.
"More importantly, it will substantially enhance Malaysian railway technology, know-how and expertise, maximize its localization degree and enrich the human resource pool," Luo added.
The first phase of the project is expected to be completed by the end of 2014, with an annual production capacity of 100 to 150 carriages.
CSR Zhuzhou Electric Locomotive Co, a subsidiary under CSR and an active player in Malaysia's mass transit projects, announced plans for a 20-hectare facility to be located in Batu Gajah, Perak State, some 200 kilometers from the capital Kuala Lumpur.
The company will invest up to 400 million ringgit (US$126.7 million) in the "CSR ASEAN Rail Center," which would cover all-in-one work scope of production, assembly, testing, overhaul and refurbishment, said Luo Chongfu, the company's vice president of investment and strategic development.
"We are expecting to generate more than 800 jobs for Malaysians," he said.
"More importantly, it will substantially enhance Malaysian railway technology, know-how and expertise, maximize its localization degree and enrich the human resource pool," Luo added.
The first phase of the project is expected to be completed by the end of 2014, with an annual production capacity of 100 to 150 carriages.
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