CSR signs $1.28b worth of contracts

CSR Corporation Limited, China’s leading railway car manufacturer, announced Monday that its subsidiaries have signed several major contracts at a value of 7.81 billion yuan ($1.28 billion), equal to 8.6 percent of the company’s revenue in 2012.

Its holding subsidiary CSR Sifang Co, for instance, has agreed to a 2.24 billion yuan sales contract with Argentina for motor train units.


Source : Global Times

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