Bombardier Transportation
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Bombardier Transportation

November 06, 2006 04:26 ET

Bombardier and Chinese Joint Venture Partners Win $326 Million US Order for Movia Metro Cars in Shanghai

MONTREAL, QUEBEC--(CCNMatthews - Nov. 6, 2006) - Bombardier Transportation and its joint venture partners in China today announced an order for 51 MOVIA metro trains (306 cars) from Shanghai Shensong Line Mass Transit Co., Ltd. in Shanghai, People's Republic of China (PRC).

The contract, valued at approximately $326 million US (257 million euros), was won by Bombardier Transportation together with Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC) and Bombardier-CPC Propulsion Systems Co., Ltd. (BCP). Bombardier's share of the contract amounts to some $104 million US (82 million euros). Deliveries of the trains are scheduled to begin in the second quarter of 2008 with completion in 2009. The trains will operate on Shanghai's Metro Line 9.

The contract represents a major win for Bombardier with China's largest metro system and one of Asia's busiest urban centers. The new metro cars will be assembled in China at CBRC production facilities in Changchun. The propulsion equipment will be manufactured at BCP's production site in Changzhou.

At the signing ceremony in Shanghai, Bombardier Inc. Chairman and CEO Laurent Beaudoin said: "This new order demonstrates Bombardier's active commitment to developing a sustainable presence and investment in leading nations of the world such as China. Some of our joint ventures in China have been in operation for over ten years. They are the basis of our very successful partnerships within one of the fastest growing rail markets in the world. We are very pleased to be alongside China and its urban communities as they develop this nation's rail transport infrastructure."

Jianwei Zhang, President and Chief Country Representative, Bombardier China, said: "Today's order builds on the proud legacy of products Bombardier is delivering into this important market. Airport people movers, metro vehicles, commuter trains, high-speed trains, high-quality passenger coaches, rail components - Bombardier is providing effective solutions for all sectors of the market here. We are especially pleased to secure return business from a respected customer like Shanghai Shentong Metro Group."

Bombardier metro cars are in service with operators in Shanghai, Guangzhou, Shenzhen and Hong Kong. In Shanghai, Bombardier has participated in the supply of 16 metro trains (96 cars) for Line 1 and 37 trains (222 cars) for Line 2 of the city's metro system. In June 2006, Bombardier celebrated the delivery of its 1,000th metro car to customers in Guangzhou Province.

Recent contracts awarded to Bombardier and its JVs in China include a deal for ART Mark II automated rail cars for the Beijing Capital International Airport Link in March 2006; a high-speed train maintenance center and 20-year services contract with China's Ministry of Railways (MOR) in January 2006; propulsion and controls equipment for 192 cars on Beijing's Metro Line 4 in July 2006; an Automated People Mover system for the Beijing Capital International Airport in May 2005; 40 eight-car, high-speed trainsets for the MOR in May 2005 and October 2004, and 361 high-altitude passenger cars for the MOR in February 2005.

Bombardier Transportation in China

Bombardier's longstanding business relationship with the Chinese railway industry began 50 years ago. Today, Bombardier Transportation participates in three joint ventures in China. The first one, Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC), is dedicated to the production of metro vehicles. The second one, Bombardier Sifang Power (Qingdao) Transportation Ltd., manufactures intercity passenger coaches for the Chinese Ministry of Railways. The third joint venture, Bombardier - CPC Propulsion Systems Co., Ltd. (BCP), manufactures propulsion equipment for rail vehicles. Including its joint ventures, Bombardier currently employs 2,400 people in China.

The Bombardier Transportation Group has its global headquarters in Berlin, Germany, with a presence in over 60 countries. It has an installed base of approximately 97,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

Bombardier Aerospace 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 more than 30 aircraft in operation with six airlines. It is also the top-ranked supplier of business aircraft to China.

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, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com

MOVIA is a trademark of Bombardier Inc. or its subsidiaries

Contact Information

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    David Slack
    Director, Communications
    North America
    + 1-450-441-3190
    www.bombardier.com