Bombardier and the China Ministry of Railways Extend Cooperation One Step Further.OTTAWA -- Bombardier and the China Ministry of Railways (MOR MOR abbr. middle-of-the-road MOR adj abbr (MUS) (= middle-of-the-road) → para el gran público MOR adj abbr (Mus) (= ) today signed a cooperation agreement in Ottawa, following the framework agreement signed on June 27 between the Corporation and the MOR. "This cooperation agreement represents one more step in the long-term strategic partnership between Bombardier and the MOR," said Laurent Beaudoin, Chairman of the Board and Chief Executive Officer, Bombardier Inc., after signing the agreement with Chinese Minister of Railways Liu Zhijun, at a ceremony in presence of People's Republic of China President Hu Jintao and Canadian Prime Minister Paul Martin. The framework agreement signed on June 27 referred to the MOR's intention to purchase, whereas the cooperation agreement signed today stated that the MOR commits to purchase additional high-speed electrical multiple unit trainsets (EMUs) from Bombardier and its joint venture Bombardier Sifang Power (Qingdao) Transportation Ltd. (BSP BSP Bromsulphalein, a dye used in the study of liver function. See also sulfobromophthalein clearance test. ), thereby extending cooperation one step further. The cooperation agreement confirms that the Corporation and the MOR will jointly establish a maintenance center for 200 km/h EMUs with a 250-trainset maintenance capacity. In addition, Bombardier and the MOR will collaborate to develop a new type of high-speed EMU trainset, not covered by the framework agreement signed on June 27, which could reach speeds over 200 km/h, feature sleeping coaches and a full restaurant. Bombardier participates in three joint ventures in China. The first one, Bombardier Sifang Power (Qingdao) Transportation Ltd., manufactures intercity passenger coaches. The second one, 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. The other joint venture, 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 systems for rail vehicles. Bombardier's longstanding business relationship with China began 50 years ago. 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 31 aircraft operated by six airlines. It is also the top-ranked manufacturer of business aircraft in the country. 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, 2005, were $15.8 billion US and its shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (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. ). News and information are available at www.bombardier.com. BOMBARDIER TRANSPORTATION (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD.MV.A) (TSX:BBD.SV.B) |
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