CRRC to build plant in Canada
China Railway Rolling Stock Corp, the country's railway vehicle and equipment manufacturer and exporter, announced on Thursday that it will build a plant in Canada to further expand its marketing channels in North America.
The train maker said in a statement that the new facility, located in Moncton in New Brunswick, will create more than 200 jobs in the first phase and generate more than $1 million in tax revenue for the local government annually. The plant is capable of manufacturing heavy load, special railway vehicles and railway vehicle brakes.
The plant was jointly set up by Sichuan-based CRRC Meishan Co Ltd, a freight train maker under CRRC, Moncton-based ARS Canada Rolling Stock Inc, a local railcar manufacturer and service supplier, and a CRRC subsidiary in Hong Kong. They gained approval from the Canadian government in June 2016.
