ZWZ signed a strategic cooperation agreement with CRRC

Resource from: CBCC Likes:210

Aug 02,2016

ZWZ recently signed a strategic cooperation agreement with CRRC Corporation Limited (hereinafter referred to as CRRC) in Beijing. As a pioneer enterprise in Chinese bearing industry, ZWZ will speed up railway bearing production base and railway bearing development to break the foreign enterprises’ price and technological monopoly. It is known that CRRC and ZWZ will play advantages in their respective industries. CRRC will choose ZWZ as a strategic supplier of rail transportation equipment bearings. The two sides will work together to build a win-win cooperation model based on industrial value chain competitive advantage and to carry out synchronized research and development of high-end bearings for standard EMU, high-power locomotives, high-speed buses, and large load wagons etc.

(CBCC)

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