CRRC will build a plant in Canada to further expand its marketing channels in North America.
The new facility, located in Moncton in New Brunswick, will create more than 200 jobs in the first phase and generate more than $1 million in tax revenue for the local government annually. The plant is capable of manufacturing heavy load, special railway vehicles and railway vehicle brakes.
The plant was jointly set up by Sichuan-based CRRC Meishan Co., Ltd, a freight train maker under CRRC, Moncton-based ARS Canada Rolling Stock Inc, a local railcar manufacturer and service supplier, and a CRRC subsidiary in Hong Kong. They gained approval from the Canadian government in June 2016.
The new company's main business is to carry out sales of cargo trains, research and development work for freight wagons that can be operated in North America, as well as manufacturing freight wagons including open-top wagons, covered wagons, tank wagons and flat wagons.
The long-term goal is to assemble freight wagons and provide after-sale services to clients in Canada.
CRRC Meishan so far has shipped more than 5,000 freight wagons to the global market. It also produces special vehicles for clients in resource-rich countries such as Australia and Argentina.