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Alstom & CNR & SEC agree to jointly contribute to the development of urban mass transit in China

Alstom signed a Memorandum of Understanding (MoU) with two Chinese companies – CNR Corporation Ltd., (“CNR”) and Shanghai Electric Group Co., Ltd., (“SEC”) – to form a strategic partnership and jointly develop new markets for mass transit products. The agreement was signed in the presence of Dominique Bussereau, France’s Secretary of State for Transport.
Under the terms of the agreement, Alstom, together with CNR and SEC, will expand the capabilities and competitiveness of their existing two joint ventures – Shanghai Alstom Transport Co., Ltd. (“SATCO”) and Shanghai Alstom Transport Electrical Equipment Co., Ltd. (“SATEE”). The collaboration will allow the parties to accelerate the development of complete rolling stock solutions and railway traction systems by the two JVs for mass transit projects. The long-term goal of the partnership is to give SATCO and SATEE the ability to design, build and commercialize new urban transit products for the Chinese market as well as for targeted export markets.
Philippe Mellier, President of Alstom Transport, declared: “China represents one of the most important markets for Alstom Transport. We are committed to succeed in this competitive market by relying on our manufacturing footprint in the country and building the right partnerships.”
“The signing of today’s MoU is another milestone in our localization drive and commitment in China”, said Dominique Pouliquen, SVP, Alstom Transport Asia Pacific and Alstom China Country President.
As a world leader in rail transport, Alstom is well positioned to contribute to China’s development of urban mass transit. Alstom Transport’s presence in China dates to 1958 and includes 5 joint ventures, 8 project sites and 3 industrial partnerships (metro, locomotives, EMUs). With offices in Beijing, Shanghai, Guangzhou and Hong Kong, Alstom Transport employs over 1,500 people in China.
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Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.