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Bombardier Awarded a US $63 Million Contract for 200 Bogies to Be Used on New Cars for the Guangzhou Metro in China

January 31, 2005 MontrĂ©al Transportation,  Press Release

Bombardier Transportation announced today that it received a contract from a Chinese/Japanese consortium composed of Sifang Locomotive and Rolling Stock Co. Ltd., and Itochu Corporation, for the delivery of 200 bogies and 400 bogie 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. Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC) is dedicated to the production of metro vehicles. Bombardier – CPC Propulsion Systems Co. Ltd. (BCP) 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 36 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.

For information:
Hélène V. Gagnon
Senior Director, Communications
North America
+1 450 441-8156

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