07 December 2012

Bombardier and Shanghai Shentong Metro Group form JV in China

- Focus on repair & maintenance of urban mass transit vehicles in China 
- Bombardier currently employs more than 4,000 people in China 

Berlin – 07 December 2012 - Bombardier Transportation and Shanghai Shentong Metro Group Co., Ltd today announced the formation of a joint venture company, Shentong Bombardier (Shanghai) Rail Transit Vehicle Maintenance Company Ltd. The joint venture will focus on the repair and maintenance of urban mass transit vehicles in China, offering customers the services of daily maintenance, intermediate repairs, overhauls, refurbishment and technical consultation.

The new company leverages the respective partners’ competencies in terms of technologies, equipment and businesses to deliver high quality, reliable trains that are safe to operate. It will harness Bombardier’s global capability in providing whole life services for metros in which its state-of-the-art technologies will reduce down times and extend the life of the Chinese operator’s fleets.

Jianwei Zhang, President of Bombardier China, said: “This joint venture for metro cars maintenance marks a new milestone for Bombardier Transportation business in China. Through its participation in a number of railway projects in China, by successfully providing rail vehicles, signalling, propulsion, locomotives, light rail transit and automated people movers, Bombardier has earned an excellent reputation and has gained a great understanding of the specific needs of the Chinese rail market.”

Laurent Troger, President Services, Bombardier Transportation, said: “Today’s announcement underlines our long standing relationship with Shanghai Shentong. Bombardier looks forward to a mutually beneficial partnership that will provide world class services to our customers in China. We are committed to making this collaboration a great success as part of Bombardier’s overall strategy of working in partnership to develop China’s rapidly expanding rail network.”

The synergy generated from this strategic partnership will deliver a new level of after-market service and support in the region. Both parties are committed to a long-term relationship to enhance train performance while ensuring greater revenues for the customers though lower operating costs.

Headquartered in Berlin, Germany, Bombardier Transportation has a very diverse customer base with products or services in more than 60 countries. Bombardier Transportation is actively involved in China’s development of urban mass transit and advanced railway networks. With three joint ventures and seven Wholly Foreign Owned Enterprises (WFOE), Bombardier currently employs more than 4,000 people in China. It has offices located in Beijing, Shanghai, Guangzhou and Hong Kong. 

Bombardier is the world’s only manufacturer of both planes and trains. Bombardier is headquartered in Montréal, Canada. In the fiscal year ended December 31, 2011, it posted revenues of $18.3 billion USD. 

Source: Bombardier