- Bombardier and New United Group (NUG) have finalised an agreement establishing a new signalling joint venture in China
Bombardier Transportation and the New United Group (NUG) have finalised their agreement to establish a new joint venture (JV) for signalling and rail control in China. Each company will have a 50% share in the new venture, which will be known as Bombardier NUG Signalling Solutions Company Limited.
The new company will focus on rail transportation communication, signalling and integrated monitoring systems for the Chinese mass transit and light rail markets, and be committed to introducing moving-block signalling technology for metro applications. The JV will be located in Changzhou, a city of 4.6 million inhabitants near Shanghai in the Jiangsu province. This region is home to a number of major cities that are planning future growth and metro and tram upgrades.
Bombardier brings its proven mass transit experience to the new partnership, with its BOMBARDIER CITYFLO 150 tram solution and CITYFLO 650 CBTC technology already operating in China, on the Suzhou Tram and Tianjin and Shenzhen Metro Lines. NUG brings its extensive knowledge of the Chinese market and links with municipal authorities. Already long-term partners, Bombardier and NUG have co-operated in the Bombardier CPC Propulsion System Co., Ltd. (BCP) joint venture since 2003. BCP is dedicated to producing, marketing and maintaining advanced propulsion and control system products for rail transportation vehicles in China.
Jianwei Zhang, President and Chief Country Representative, Bombardier China said, "Bombardier has been actively participating in the development of China’s rail transportation providing a broad range of products, systems and services, including rail signalling equipment. This new joint venture is one of our strategies to ensure our sustainable success in this huge but fiercely competitive market.”
Peter Cedervall, President, Bombardier Transportation Rail Control Solutions added, "Bombardier has a strong relationship in the pioneering Chinese rail control market. This latest partnership reflects our successful co-operation and technical reputation. We look forward to working together with NUG to continue to contribute to the exponential growth of mass transit transportation in cities across China.”
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies – built on the four cornerstones of energy, efficiency, economy and ecology – conserve energy, protect the environment and help to improve total train performance for operators and passengers. Bombardier Transportation is headquartered in Berlin, Germany, and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.
Bombardier is the world’s only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indices. In the fiscal year ended December 31, 2013, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
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