CREG on move to win global share with independent technology

China Railway Engineering Equipment Group Co Ltd, one of the Chinese manufacturers that has commanded independent shield tunneling machine technologies, aims to secure a greater market share around the globe, according to the company's top executive.

"Our aim is to realize annual output of $1 billion by 2020 with $100 million profits, of which 30 percent will come from overseas markets," said CREG Chairman Li Jianbin.

According to Li, the independently manufactured shield tunneling machine is a case in point in China's endeavors to move from "Made in China" to "Created in China".