CNR Group

China Northern Locomotive & Rolling Stock Industry (Group) Corporation commonly known as CNR Group was a Chinese locomotive and rolling stock manufacturer, and later holding company of China CNR.

CNR Group merged with CSR Group in 2015.

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 the China Northern Locomotive & Rolling Stock Industry (Group) Corporation was spin-off from LORIC.[1] Its main competitor, the China South Locomotive and Rolling Stock Industry (Group) Corporation was formed in the same year.[2] Both CNR Group and CSR Group were also transferred from the Ministry of Railways to the State-owned Assets Supervision and Administration Commission of the State Council.

CNR Group carried out import and export orders between 1998 and 2005 through the LORIC Import & Export Corp., Ltd.[3] The subsidiary CNR Logistic Development Corp., Ltd., established in 1998 deals with export sales of CNR vehicles and parts.[4]

In 2008, a new Special purpose vehicle was incorporated, receiving major assets of the group and floated in both Shanghai and Hong Kong Stock Exchange. Some auxiliary assets of the group remained unlisted. The holding company also formed a new investment vehicle CNR Ship & Ocean Engineering Development in ship building. Chonghe Marine Industry was a minority shareholder in that vehicle .[5]

In 2015 CNR Group absorbed CSR Group, and renamed to CRRC Group; the flagship subsidiaries, China CNR and CSR, also merged as CRRC.

Exports

References

  1. ↑ wikisource:zh:国务院关于组建中国北方机车车辆工业集团公司有关问题的批复 (in Chinese)
  2. ↑ "CSR Corporation Limited : History". www.csrgc.com.cn. Archived from the original on 2011-07-07.
  3. ↑ "China CNR Corporation Limited - Worldwide-LORIC". www.chinacnr. Retrieved 6 February 2011.
  4. ↑ 中车进出口有限责任公司_公司介绍_成员企业_中国北车股份有限公司. www.chinacnr.com (in Chinese). Retrieved 6 February 2011.
  5. ↑ "Shipbuilding". Chonghe Marine Industry. Retrieved 11 June 2017.
  6. ↑ Type DF7G-C Diesel Loco. for Cuba
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