Central SOEs to boost R&D spending chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Do We Need Another North American Railcar Builder?
The National Alabama railcar manufacturing facility is now idle.
ARS Canada Rolling Stock Co. is entering the North American freight railcar market with support from a $3 million repayable contribution from the New Brunswick Provincial government in Canada. Here we go again.
ARS is thought to be a venture of CRRC (China Railway Rolling Stock Corp.), a Chinese SOE (state-owned enterprise). Its manufacturing plant, to be located in Moncton, N.B., promises to create 83 jobs, with prospects to grow to 100 jobs over the next two years.
The North American railcar market is extremely cyclical, making it very difficult for freight railcar builders and component supply companies to manage the peaks and valleys. Because of this cyclicality, numerous carbuilders and suppliers have come and gone over the decades. To illustrate my point, below are excerpts from “Don’t We Ever Learn?,” a
Metro finalizes contract for new rail cars as company eyes D C region for new plant washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
Voith Embraces Wind Power As Renewable Energy Source
Voith steps up its entry to the wind power market by collaborating with international wind turbine manufacturers.
The partnerships will focus on the development and production of gearboxes and generators for wind turbines in Europe and Asia.
Voith is thus resolutely pursuing its strategy of supporting sustainable and renewable energy generation.
With its re-entry into the wind power segment in 2020, technology group Voith is pushing the ongoing de-carbonization of electricity production and thus meeting the growing requirement for solutions for carbon-neutral power generation. In a joint venture with China Railway Rolling Stock Corp (CRRC) in China, the company is developing and producing highly efficient wind turbine gearboxes for leading wind turbine manufacturers. Voith subsidiary ELIN Motoren GmbH, which was acquired by Voith in 2020, complements these activities through its existing wind generator business.
FTA upgrade to create momentum for China-New Zealand cooperation By ZHONG NAN and WANG ZHUOQIONG | China Daily | Updated: 2021-02-03 08:58 Share An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. [Photo/Xinhua]
The upgraded free trade agreement between China and New Zealand will generate fresh momentum for further cooperation and boost modern trade in services and regional connectivity activities between the two sides, experts said on Tuesday.
The two sides inked an upgrade to their 12-year-old bilateral FTA late last month, on the basis of the Regional Comprehensive Economic Partnership agreement that they signed along with 13 other countries in November.