CHINA: Shenzhen metro Line 4 operator MTR Corp (Shenzhen) Ltd has awarded Nanjing SR Puzhen Rail Transport Co a 420m yuan contract to supply 56 cars in 2013-14.
NPRT is a joint venture between CSR Corp and Singapore-based aluminium alloy supplier Midas Holdings.
Announcing the contract on May 29, Midas CEO Patrick Chew said 'the order momentum for NPRT is very encouraging, having secured three projects valued at over 1·4bn yuan in the year to date. The latest contract win for the Shenzhen metro Line 4 is yet another testament of customers' continued confidence in NPRT and we remain positive of its growth and contributions to Midas going forward.'
