Rail car maker rebounds in 2017
CRRC Qiqihar Rolling Stock Co, China's biggest freight train manufacturer by production volume, received 7,900 freight car orders from home and abroad in the first quarter, gaining new growth momentum after two years of declining market conditions, its officials said on Monday.
"The deals indicate that the global commodity flows are back on track as many countries are raising the demand in either buying new rail vehicles or replacing the old models," said Chang Wenyu, deputy general manager of CRRC Qiqihar, a subsidiary of China Railway Rolling Stock Corp.
China Railway Corp, the country's railway operator, remained the manufacturer's biggest customer, ordering 7,500 cargo cars, with the remaining 400 sold to South Korea for cement tanker cars.
