CRRC Corporation Limited Overview
Company Headquarters: Beijing, China
Founded: 2015
Workforce: ~ 180,000
Company Working: CRRC Corporation Limited (CRRC) is a Chinese publicly traded rolling stock manufacturer. The company is one of the largest suppliers of rail transit equipment equipped with leading technologies. It operates through four= business segments, namely railway equipment, rapid transit vehicles and urban infrastructure, new businesses, and modern service. In addition, its other business covers the R&D, design, manufacture, repair, sale, lease and technical services for rolling stock, urban rail transit vehicles, engineering machinery, environmental protection equipment, industrial investment and management, asset management, import and export. The company’s product and services division caters to the demand for rolling stock, components, and other products. The rolling stock segment further offers electric locomotives, diesel locomotives, high-speed trains, electric multiple unit (EMU), diesel multiple unit (DMU), metro cars, light rail vehicles (LRVs), coaches, wagons, and track machinery. CRRC operates through 46 wholly-owned & majority-owned subsidiaries, in more than one hundred countries, across the globe. The company is focused on supplying offer energy-efficient, eco-friendly, cost-efficient, intelligent, fast, and, comfort products and services.
Strategy
CRRC Corporation Limited strategizes to enhance its supply chain to match the new technological revolution and economic globalization progresses. It has adopted the “Innovation-driven Development” strategy and established the national high-speed train technology innovation center to continue to boost the overall high-end manufacturing level. Moreover, the company focuses on diversifying its portfolio by reinforcing its general mechanical and electrical business and expedite developments, in the field of railway transportation equipment.
