CSR wins boost overseas income

China South Locomotive & Rolling Stock Co Ltd, the country's largest manufacturer of rail carriages, has won seven projects worth 5.41 billion yuan ($853 million), including two contracts with foreign companies.

A $400 million order from South Africa's Transnet SOC Ltd is the largest overseas electric locomotive order ever won by a Chinese company. It is the first time Chinese electric locomotives have been sold to Africa.

Another project was signed with Venezuela CME Commodities & Minerals Enterprise Ltd for truck sales worth 120 million yuan.

In the first half of the year, CSR signed contracts with metro manufacturers in Malaysia, Turkey and Singapore and got a diesel locomotive order from Kazakhstan.