Bombardier Awarded a US $63 Million Contract for 200 Bogies to be Used on New Cars for the Guangzhou Metro in China.MONTREAL -- Bombardier Transportation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) announced today that it received a contract from a Chinese/Japanese consortium composed of Sifang Locomotive and Rolling Stock Sifang Locomotive and Rolling Stock (四方机车车辆厂) is a Chinese rolling stock manufacturer and has a joint venture established with Kawasaki Heavy Industries to build Series 04 metro cars with linear motors for the Guangzhou Metro. Co. Ltd., and Itochu Corporation, for the delivery of 200 bogies and 400 bogie bo·gie 1 also bo·gy n. pl. bo·gies 1. One of several wheels or supporting and aligning rollers inside the tread of a tractor or tank. 2. kits to the metro of Guangzhou, China. The order is valued at approximately $63 million US (48 million Euros). Deliveries are scheduled to take place between December 2005 and the end of 2010. The 200 complete bogies, which will be used for trains of subway lines 4 and 5, will be manufactured in Bombardier's European Competence Center for bogies in Siegen, Germany. The 400 bogie kits will be locally assembled in China. Individual components will be supplied by Bombardier's production facility in Wroclaw, Poland. "Our constant success in supplying to external customers not only illustrates our expertise in the development of bogie systems and components, but also further strengthens Bombardier's market leadership position in this core technology for rail vehicles", explains Robert Wassmer, President of the Bogies Division, Bombardier Transportation. Bombardier is currently a partner in three joint ventures in China. Bombardier Sifang Power (Qingdao) Transportation Ltd., manufactures intercity passenger coaches for the Chinese Ministry of Railways Chinese Ministry of Railways is a member of the State Council of the People's Republic of China. The ministry is in charge of the operations of China Railways. Current minister is Liu Zhijun. . Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC CBRC China Banking Regulatory Commission CBRC Cutaneous Biology Research Center CBRC Canadian Business Resource Centre CBRC Copenhagen Brain Research Center CBRC Colorado Business Resource Center CBRC Combat Brigade Refresher Course ) is dedicated to the production of metro vehicles. Bombardier - CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. Propulsion Systems Co. Ltd. (BCP BCP Best Current Practice(s) BCP Business Continuity Planning BCP Business Continuity Plan BCP Book of Common Prayer BCP Banco Comercial Português BCP Bureau of Consumer Protection (US Federal Trade Commission) ) is involved in the production, marketing and maintenance of propulsion components for rail vehicles. Including its joint ventures, Bombardier currently employs 1,400 people in China. In addition to its rail transportation operations, Bombardier is the number one supplier to the Chinese regional aircraft market with an installed base of 37 aircraft operated by seven airlines. It is also the top-ranked manufacturer of business aircraft to the country.Bombardier's longstanding business relationship with China began 50 years ago. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto and Frankfurt stock exchanges (BBD and BBDd.F). News and information are available at www.bombardier.com |
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