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China South Locomotive wins RMB 2.5 bln orders from Turkey

Aug. 2, 2012 (China Knowledge) - China South Locomotive & Rolling Stock Co Ltd<601766><1766>, or CSR, the country's largest manufacturer of rail carriage, announced yesterday that it recently signed RMB 2.5 billion worth of contracts to provide subway trains for Ankara Metro.

This is the largest order that CSR had ever received from a European country and it is also such first export in the continent.

The company said that the contract value is almost equivalent to 3.1% of its total revenue in 2011.

Last year, CSR's overseas revenue grew 161.82% YoY to RMB 6.13 billion, and in the first half of 2012, the manufacturer saw its sales revenue from overseas market surged over 100% and exceeded RMB 5 billion.

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