Press TV- Chinas CRRC Nanjing Puzhen Rail Transport on Wednesday signed a contract with Irans IDRO Group to supply 450 metro cars for the Iranian cities of Ahvaz, Tabriz and Shiraz. The company, a subsidiary of Chinas railway giant CRRC Corps, undertook to provide funds up to 85% of the project as well as parts for assembly at Iranian train manufacturing ...

Today On Line: Chinese trainmaker CRRC <601766.SS><1766.HK> plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday. CRRC expects a total of $8 billion worth of orders from overseas customers this year, and was also open to teaming ...