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China South Locomotive and Rolling Stock Industry (Group) Corporation
Encyclopedia
China South Locomotive & Rolling Stock Corporation Limited (CSR) is a state-owned enterprise supervised by the State Council of the People's Republic of China
. It is the world's largest manufacturer of electric locomotives.
and China South Locomotive and Rolling Stock Industry (Group) Corporation (CSRG) was formed. Its main competitor, the China North Locomotive and Rolling Stock Industry (Group) Corporation was formed in 2000.
In 2002 the group manufactured the 270 km/h (167.8 mph) China Star
high speed EMU at the Zhuzhou Electric Locomotive Works.
In 2007 the China South Locomotive & Rolling Stock Corporation Limited (CSR) was formed.The assets of China South Locomotive and Rolling Stock Industry (Group) Corporation were transferred to China South Locomotive & Rolling Stock Corporation Limited in exchange for shares in preparation for a potential share offer.
The company's H shares were first traded on the Hong-Kong stock market
on 21 August 2008, the company's A shares began trading on the 18 August 2008. The shares also began trading on the Shanghai Stock Exchange
in August; $1.57 billion was raised in the share offers. A 40% stake in the company was offered in total on the two exchanges.
Between 2004 and 2007 CSR had ~50% of the internal Chinese market for locomotives and ~80% of the market for multiple units (by volume), as well as a ~50% share in locomotive and wagon refurbishment. In the same period overseas sales accounted for ~7-8% of revenue.
In April 2010 the majority shareholder and state owned holding company
China South Locomotive and Rolling Stock Industry (Group) Corporation was renamed to China South Locomotive Group.
Manufacturing and maintenance
Research
Export and leasing
Other
The company owned ~46% of the shares in "South Huiton", a freight wagon manufacturer, and palm fibre processing company. CSR (Hong Kong) Co. Ltd. based in Hong Kong was formed as 100% subsidiary in 2008.
(electric locomotives), Ziyang
, Luoyang, Xiangfan (diesel locomotives), Qishuyan, and Chengdu (the latter two also producing carriages). Carriages are built in factories in Nanjing, Zhuzhou, Beijing, Meishan, Wuchang, Tongling, Shijiazhuang, Wuhan and Guiyang. The company has two research institutes in Zhuzhou and Qishuyan.
The firm also built subway trains, particularly for networks in Shanghai Metro
and Beijing Metro.
, its third contract since entering that country's market in 2002.
State Council of the People's Republic of China
The State Council of the People's Republic of China , which is largely synonymous with the Central People's Government after 1954, is the chief administrative authority of the People's Republic of China. It is chaired by the Premier and includes the heads of each governmental department and agency...
. It is the world's largest manufacturer of electric locomotives.
History
In 1986 the China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC) was formed, comprising 35 production sites and 4 research centres. In 2002 LORIC was separated from the Ministry of RailwaysMinistry of Railways
Ministry of Railways may refer to:* Ministry of Railways * Ministry of Railways * Ministry of Railways * Ministry of Railways * Ministry of Railways...
and China South Locomotive and Rolling Stock Industry (Group) Corporation (CSRG) was formed. Its main competitor, the China North Locomotive and Rolling Stock Industry (Group) Corporation was formed in 2000.
In 2002 the group manufactured the 270 km/h (167.8 mph) China Star
China Star
China Star is an indigenously designed experimental high-speed train manufactured in China. It is a push-pull train developed from the DJJ1 "Blue Arrow" high speed train by Zhuzhou Electric Locomotive Works. It consists of 2 locomotives and 9 passenger cars. The prototype rolled out in 2002...
high speed EMU at the Zhuzhou Electric Locomotive Works.
In 2007 the China South Locomotive & Rolling Stock Corporation Limited (CSR) was formed.The assets of China South Locomotive and Rolling Stock Industry (Group) Corporation were transferred to China South Locomotive & Rolling Stock Corporation Limited in exchange for shares in preparation for a potential share offer.
The company's H shares were first traded on the Hong-Kong stock market
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
on 21 August 2008, the company's A shares began trading on the 18 August 2008. The shares also began trading on the Shanghai Stock Exchange
Shanghai Stock Exchange
The Shanghai Stock Exchange , abbreviated as 上证所/上證所 or 上交所, is a stock exchange that is based in the city of Shanghai, China. It is one of the two stock exchanges operating independently in the People's Republic of China, the other is the Shenzhen Stock Exchange...
in August; $1.57 billion was raised in the share offers. A 40% stake in the company was offered in total on the two exchanges.
Between 2004 and 2007 CSR had ~50% of the internal Chinese market for locomotives and ~80% of the market for multiple units (by volume), as well as a ~50% share in locomotive and wagon refurbishment. In the same period overseas sales accounted for ~7-8% of revenue.
In April 2010 the majority shareholder and state owned holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
China South Locomotive and Rolling Stock Industry (Group) Corporation was renamed to China South Locomotive Group.
Company structure and subsidiaries
At the time of the restructuring and share issue in 2008 the company had 20 subsidiaries:Manufacturing and maintenance
- CSR Chengdu Locomotive & Rolling Stock Co., Ltd., refurbishment of locomotives and carriages, manufacture and repair of motors.
- CSR Feb. 7th Rolling Stock Co., Ltd., manufacture and maintenance of freight wagons.
- CSR Luoyang Locomotive Co., Ltd., refurbishment of locomotives.
- CSR Meishan Rolling Stock Co., Ltd., manufacture of freight wagons, brakes and castings.
- CSR Nanjing Puzhen Rolling Stock Co. Ltd., manufacture of carriages, multiple units and rapid transit vehicles.
- CSR Qishuyan Locomotive Co., Ltd., manufacture and maintenance of diesel locomotives
- CSR Shijiazhuang Rolling Stock Co., Ltd., maintenance of freight wagons, R&DResearch and developmentThe phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of...
of air-conditioning and refrigeration devices.- Shijiazhuang Guoxiang Transportation Equipment Co., Ltd., 60% owned subsidiary, joint enterprise with King Machinery (Taiwan) Co., Limited.
- CSR Sifang Locomotive & Rolling Stock Co., Ltd., Manufacture of carriages and multiple units, and auxiliary products. EMU and carriage maintenance. Renamed CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd, (CSR Sifang Co., Ltd.) on 29 December 2008.
- CSR Sifang Rolling Stock Co., Ltd., maintenance and manufacture of carriages and multiple units.
- CSR Yangtze Rolling Stock Co., Ltd.,CSR Yangtze Rolling Stock Co., Ltd. was formed from CSR Qishuyan Locomotive & Rolling Stock Works (freight wagon assets), CSR Wuhan Jiang’an Rolling Stock Works, CSR Zhuzhou Rolling Stock Works, CSR Tongling Rolling Stock Works and CSR Wuchang Rolling Stock Works. Source: CSR Prospectus , 8 August 2008 , "Restructuring", p.85 freight and refrigerated wagon manufacturing and maintenance, carriage and rapid transit vehicle maintenance, manufacture of axles, casting and other steel structures
- CSR Zhuzhou Electric Locomotive Co., Ltd., R&D and manufacture of electric locomotives, multiple units and rapid transit vehicles, and electric motors, transformers and related products.
- Zhuzhou CSR Times Electric Co., Ltd., development and sale of traction and auxiliary electrical power equipment and urban rail control system.
- CSR Ziyang Locomotive Co., Ltd.CSR Ziyang Locomotive Co., Ltd.CSR Ziyang Locomotive Co., Ltd. is a major locomotive manufacturer in the People's Republic of China.-History:Ziyang locomotive works was founded in 1966 by the Ministry of Railways....
, R&D and manufacturing of diesel and electric locomotives, and diesel and gas powered engines and sub-components. - CSR Xiangfan Locomotive Co., Ltd., refurbishment of locomotives.
Research
- CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd., R&D and manufacture of electric propulsion and control, suspension and noise reducing elements, polymer composites and insulators.
- CSR Qishuyan Locomotive & Rolling Stock Technology Research Institute Co., Ltd., R&D of mechanical transmissions, brakes, shock absorbers and manufacturing techniques.
Export and leasing
- New Leap Transportation Equipment Investment & Leasing Co., Ltd., investment in, leasing, sale, and technical support of rail vehicles. (Renamed CSR Investment and Leasing on 2 December 2008)
Other
The company owned ~46% of the shares in "South Huiton", a freight wagon manufacturer, and palm fibre processing company. CSR (Hong Kong) Co. Ltd. based in Hong Kong was formed as 100% subsidiary in 2008.
Joint ventures
- Bombardier Sifang (Qingdao) Transportation Ltd., formed 1998, with CSR Sifang, 50% owned by Bombardier Inc., design and manufacture of single and double deck passenger carriages and EMUElectric multiple unitAn electric multiple unit or EMU is a multiple unit train consisting of self-propelled carriages, using electricity as the motive power. An EMU requires no separate locomotive, as electric traction motors are incorporated within one or a number of the carriages...
s - Qingdao Sifang Kawasaki Rolling Stock Technology Co., Ltd., formed 2005, 50% owned by Kawasaki Heavy IndustriesKawasaki Heavy Industriesis an international corporation based in Japan. It has headquarters in both Chūō-ku, Kobe and Minato, Tokyo.The company is named after its founder Shōzō Kawasaki and has no connection with the city of Kawasaki, Kanagawa....
(39%) and ITOCHU CorporationITOCHU, until 1992 "C. Itoh" in English, is a Japanese general trading concern based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It has a common origin with Marubeni Corporation. Itochu is a Fortune 500 company.-History:...
(11%), R&D and technical support for railway vehicles and import and export thereof.
Manufacturing and products
The main factories for the manufacture of locomotives are installed in ZhuzhouZhuzhou
Zhuzhou , formerly Jianning, is a city in Hunan Province, China, southeast of Changsha beside the Xiangjiang River. It is part of the "ChangZhuTan Golden Triangle"...
(electric locomotives), Ziyang
Ziyang
Ziyang prefecture-level city in the Sichuan Province, in south central China, with more than 300,000 inhabitants.- Subdivisions :-External links:*...
, Luoyang, Xiangfan (diesel locomotives), Qishuyan, and Chengdu (the latter two also producing carriages). Carriages are built in factories in Nanjing, Zhuzhou, Beijing, Meishan, Wuchang, Tongling, Shijiazhuang, Wuhan and Guiyang. The company has two research institutes in Zhuzhou and Qishuyan.
Models
The main models are manufactured:- Electric locomotives:
- Type TM1
- Type KZ4A high speed
- Type DJ2 "Olympic star"
- The family SS with SS3, SS4, SS6, SS8, SS9
- Type AC 4000
- Type HXD1 "Harmony": Orders have been placed for 1710 units and production capacity has been increased to 800 units per year.
- Electric trains:
- High-speed train "China Star"
- High-speed train "Central China Star"
- Diesel locomotives
-
- Qishuyan diesel locos for Guinea
-
- Type 4B DF, DF 4C, DF 4D
- Type DF 5B
- Type DF 8B for goods declined in multiple versions
- Type DF 11 for passenger trains and DF 11 billion high-speed
- Type DF 12 cargo
- The family DFH hydraulic transmission for Railways industrial DFH 3 and DFH 5
- The family GKD hydraulic transmission for industrial railway, in several gauges ranging from 762 to 1435 mm.: GKD 01, GKD 02, GKD 03, GKD 05 B, GKD 1, GK 1, GK 1 C, GKD 1, GKD 5 and GKD 5 C
- Cars
- Type DDJ 1
The firm also built subway trains, particularly for networks in Shanghai Metro
Shanghai Metro
The Shanghai Metro is the urban rapid transit system of China's largest city, Shanghai. The system incorporates both subway and light rail lines. It opened in 1995, making Shanghai the third city in Mainland China, after Beijing and Tianjin, to have a rapid transit system...
and Beijing Metro.
Export contracts
In October 2008, China Southern Locomotive won a contract worth nearly $100 million from KazakhstanKazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
, its third contract since entering that country's market in 2002.
Sources
- CSR Prospectus , 8 August 2008, CHINA SOUTH LOCOMOTIVE & ROLLING STOCK CORPORATION LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability), 8 August 2008, www.csrgc.com.cn