Bombardier Transportation
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Bombardier Transportation

May 02, 2007 08:01 ET

Bombardier and Joint Venture Partners Awarded 150 Million Euro Contract for Metro Cars in Shanghai

Award solidifies leading market position in metro vehicle supply

BERLIN, GERMANY--(CCNMatthews - May 02, 2007) - Bombardier Transportation and its joint venture partners in China announced an order for 192 MOVIA metro cars (32 six-car trains) from Shanghai Mass Transit Line 7 Development Co., a subsidiary of Shanghai Shentong Metro Group Co. in Shanghai, People's Republic of China (PRC). The contract, valued at approximately 150 million euros ($ 204 million US), was awarded to Bombardier Transportation together with Changchun Bombardier Railway Vehicles Company Ltd. (CBRC) and Bombardier CPC Propulsion System Co. Ltd. (BCP). Bombardier's share of the contract amounts to some 51 million euros ($ 70 million US). Deliveries are scheduled to begin in the second quarter of 2008 with completion in 2009. The trains will operate on Shanghai's Metro Line 7.

The new metro cars will be assembled in China at CBRC production facilities in Changchun. Propulsion equipment for the cars will be manufactured at BCP's production site in Changzhou and Bombardier production facilities in Vasteras, Sweden.

The contract represents Bombardier's ongoing commitment to support environmental sustainability in large cities worldwide. The order comes less than six months after Bombardier announced a 306-vehicle contract for Shanghai Metro's Line 9 and is another example where major urban centers are choosing Bombardier metros to reduce congestion and help their cities breathe.

Dr Jianwei Zhang, President and Chief Country Representative of Bombardier in China, said: "This order further secures Bombardier's position as the top provider of metro vehicles for both Shanghai and China. Bombardier has established itself as a strong partner in the Chinese market, delivering on its commitment to provide superior transit alternatives for urban centers where clean air, sustainable energy and improvement on a way of life are important priorities. We are pleased to secure ongoing business from a respected customer like Shanghai Shentong Metro Group."

Michael Buscher, acting President for Bombardier Transportation's Propulsion and Controls Division, stated: "This order also confirms the unique position of Bombardier MITRAC Propulsion and Control Systems on the Chinese market, where we offer a complete range of electrical equipment for applications from metro vehicles to locomotives and high-speed EMUs."

Note to editors:

Useful market and company background facts and contact details follow.

Background facts and figures

Bombardier Metros in China

Bombardier metro vehicles are in successful service with operators in the cities of Guangzhou, Shenzhen, Shanghai and Hong Kong. In June 2006, Bombardier celebrated delivery of its 1,000th metro car into the Chinese market.

Bombardier Rail Contracts in China

Recent contracts awarded to Bombardier and its Chinese partners include:

- 500 freight locomotives for the Ministry of Railways (February 2007)

- 306 metro cars for Shanghai Metro Line 9 (November 2006)

- Propulsion and controls equipment for 192 cars on Beijing Metro Line 4 (July 2006)

- 40 automated rail cars for Beijing Capital International Airport Link (March 2006)

- High-speed train maintenance center and 20-year services contract for the Ministry of Railways (June 2005)

- Automated People Mover system for Beijing Capital International Airport (May 2005)

- 40 high-speed trainsets for the Ministry of Railways (May 2005 and October 2004)

- 361 high-altitude passenger coaches for the Ministry of Railways (February 2005)

Bombardier in China

Including its joint ventures, Bombardier currently employs 2,500 people in China. In addition to its rail transportation operations, Bombardier is also 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 the top-ranked supplier of business aircraft to China as well. Bombardier's longstanding business relationship with China began 50 years ago.

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2007, were $14.8 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.

BOMBARDIER, MOVIA and MITRAC are a trademark of Bombardier Inc or its subsidiaries.

Contact Information

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    David Slack: + 1 450 441 3190
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    Natalia Kourakina-Lattner: + 49 30 986 07 1137
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    Luis Ramos: + 35 1 919 693 728