SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)
BEIJING, Jun 8 (FAM) – China Railway Rolling Stock Corp, the country’s railway vehicle manufacturer, plans to establish 11 regional branches throughout the world by 2020 and further target key markets including Europe, North America, Russia and Central Asian countries, said a top executive.
The 11 regional branches will be set up in countries such as Russia, the United Kingdom, South Africa and Australia. The company wants to manufacture trains, purchase parts, and build maintenance and service facilities through a localization strategy and hiring local employees in key markets in 2020.
CRRC set up its first regional branch for North America in Massachusetts last year. The branch is designed to coordinate its businesses and participate in project bidding in the United States, Canada and Mexico.