14 BUSINESS Monday, July 23, 2018 CHINA DAILY HONG KONG EDITION

GOING GLOBAL Top­notch Chinese railway vehicles for world

sub­branch in Austria in 2016, Deal to supply opening itself to the conti­ locomotives to nent’s high­end market through international acquisi­ Germany speeds tions and collaborations. Eager to further compete up CRRC unit’s with other established global rivals such as Siemens of Ger­ planet­wide push many and Bombardier of Cana­ da, CRRC Zhuzhou built a $131 By ZHONG NAN million manufacturing facility [email protected] in Malaysia’s Perak state in 2015, which is managed by “German trains always run CRRC (Malaysia) Railway Vehi­ on time” — that old saying cles and will act as the compa­ may soon be modified in the ny’s gateway to other member digital era to “Made­in­China states of the Association of trains in Germany always run Southeast Asian Nations. on time”. The plant is capable of man­ Hunan­based CRRC Zhuz­ ufacturing various types of rail hou Locomotive Co Ltd stud­ vehicles, from bullet trains to ied Germany’s obsession with mass­transit trains and elec­ precision, strict schedules and tric locomotives. technical finesse before seal­ “Many countries have ing in late June a deal with unique or different require­ Deutsche Bahn to export 20 ments for railway projects. hybrid shunting locomotives. This makes it difficult for For the first time, Chinese them to self­develop railway whole­vehicle rail transit products that meet their spe­ equipment will be exported to cific demands. China’s vast Germany. The locomotives, experience and huge railway equipped with lithium batter­ network enables it to make ies, are designed to meet the adjustments to meet the needs standards of the European of its foreign clients,” said Feng Union and have a maximum Hao, a researcher at the Insti­ speed of 100 kilometers per tute of Comprehensive Trans­ hour. A technician of CRRC Zhuzhou Locomotive Co Ltd’s joint venture with Turkey’s MNG works on a railway coach’s body at the company’s factory in Ankara, Turkey, on May 4. portation at the National CRRC Zhuzhou is a subsidi­ XINHUA Development and Reform ary of China Railway Rolling Commission. Stock Corp, the largest rolling He said exporting railway stock manufacturer by pro­ both the world and Germany technologies is necessary to duction volume in the world. as its manufacturers are capa­ develop regional economic The arm specializes in the ble of collaborating on its rail­ integration and infrastructure manufacture of trains includ­ tech upgrades,” said Zhou. connectivity, as well as people­ ing electric locomotives, mass Chinese trains will Besides Germany, CRRC to­people exchanges in coun­ transit vehicles, intercity elec­ Zhuzhou has exported high­ tries and regions involved in tric multiple units, maglev continue to speed trains to the Czech the Belt and Road Initiative, as trains and super­capacitor Republic, electric locomotives different economies have differ­ trams. impress both the to Serbia, and shunting loco­ ent demands, in terms of rail­ CRRC Zhuzhou Locomotive motives to Austria. way technologies and services. and Deutsche Bahn jointly (rest of the) world So far, it has exported over China’s growing expertise in developed the new type of and Germany.” 50 billion yuan ($7.47 billion) infrastructure construction hybrid shunting locomotive in worth of products, including also enables domestic produc­ 2017. The first batch of loco­ Zhou Qinghe, chairman of CRRC locomotives, metro and light ers to play a bigger role in are­ motives has been built and Zhuzhou rail trains, electric multiple as previously dominated by will soon be shipped to Ham­ units, engineering mainte­ other global players. burg in Germany, according to nance vehicles for subways to One example of China’s abil­ the manufacturer. more than 20 countries such ity to innovate is the high­alti­ China’s railway industry has as Iran, Kazakhstan, Uzbekis­ tude locomotives developed focused on efficiency and on Staff members cheer the tan, Singapore, Macedonia, by CRRC Dalian Co Ltd. The accelerating train speeds over launch of CRRC Zhuzhou Loco­ India and Ethiopia. locomotives are now in service long distances. This helped in motive Co Ltd’s electric loco­ Although it is a subsidiary on the Golmud­Lhasa Railway convincing Germany to seek motives in Pretoria, South itself, CRRC Zhuzhou operates on western China’s Qinghai­ further collaborations for rail­ Africa. XINHUA six subsidiaries of its own. Tibet plateau, according to way technology with China, They cover more than 10 coun­ CRRC. said Zhou Qinghe, chairman in the Belt and Road Initiative. countries in Asia, Africa and na’s eastern coast to Madrid, “With high technological tries and regions across Asia, The parent company said of CRRC Zhuzhou. The country will seek to build Europe. Spain. China and Germany standards for electric and Europe and Africa, including the Golmud­Lhasa Railway China has been keen to new and upgraded transporta­ The country has already have also opened up a number internal combustion locomo­ Malaysia, South Africa, Turkey plans to replace all imported deepen trade ties with coun­ tion networks in addition to operated the world’s longest of cargo freight services run­ tives and lower cost, Chinese and India. locomotives with domestic tries and regions participating supplying bullet trains to rail tracks that run from Chi­ ning between both countries. trains will continue to impress It established a European ones soon. Refinery shows energy ties Atomic: Backdrop win­win for China, Saudi is challenging, but

RIYADH — Situated on Sau­ “YASREF corresponds with nuke projects shine di Arabia’s western coast of the both countries’ development Red Sea, Yanbu is famous for strategies, which is one of the From page 13 nuclear power is a key con­ its advanced petrochemical major reasons for its success,” tributor to its electricity, industry, featuring three Li said. to build four generation especially against the back­ major refineries lining up YASREF corre­ Indeed, Saudi expects to three­plus VVER­1200 reac­ drop that many countries are along the beautiful beach. sponds with both carry out industrial restruc­ tors in China: two at the Xud­ abandoning nuclear in the Among them is the Yanbu turing and upgrading through abao power plant in wake of the Fukushima inci­ Aramco Sinopec Refining countries’ develop­ increasing non­oil revenues, Liaoning province, and two dent,” said Jacobelli. Company or YASREF, jointly while China is promoting more at Tianwan in Jiangsu According to the 13th Five­ established by China Petro­ ment strategies.” energy cooperation with oil­ province. Year Plan (2016­20) for pow­ chemical Corporation (which producing Arab countries Jacobelli said the develop­ er production released by the is better known as Sinopec) Li Xihong, chief representative of under the Belt and Road Initi­ ments confirm China’s ongo­ National Energy Adminis­ and Saudi Aramco. Sinopec’s Saudi Arabia branch ative, Li said. ing commitment to boost the tration, nuclear power is The Yanbu joint venture is YASREF’s success is also due Staff at work at Yanbu Aramco Sinopec Refining Company’s facto­ country’s nuclear sector expected to provide 8 per­ regarded as the world’s most to the high internationaliza­ ry. China Petrochemical Corporation and Saudi Aramco set up the against a challenging back­ cent to 10 percent of China’s advanced, safest and efficient production on Jan 20, 2016 tion of the operations by both joint venture in 2012, and production started in 2016. XINHUA drop. Many countries, electricity needs by 2030. refinery. when it held the launch cere­ Sinopec and Aramco, as both including Japan, Germany, As of the first quarter in For the past three years, mony attended by visiting Chi­ sides agreed on using English and Switzerland, have aban­ 2018, there were 38 nuclear YASREF has been a good nese President Xi Jinping and as their working language, Li “Chinese colleagues are like Saudi Arabia, by employing doned nuclear power project power units in operation in example for the energy cooper­ Saudi King Salman bin Abdu­ said. our brothers, we take care of 1,472 workers, of whom 1,114 plans in the wake of the the Chinese mainland with a ation between China and Sau­ laziz Al Saud. He further said that the cul­ each other,” said Hosam are Saudis. Fukushima disaster in 2011, combined installed capacity di Arabia and the Arab world The joint venture has earn­ tural exchanges have served as Alghamdi, a Saudi manager of Zhou Xinqian, vice­presi­ while others, including the of 36.93 million kilowatts, as a whole, with its smooth ned profits after starting pro­ a bridge linking the workers the public relations depart­ dent of YASREF, said that the United States, are back to according to data from the operation, advanced technolo­ duction in 2016. It has from both sides, who have cul­ ment of YASREF. “The compa­ company is China’s largest focusing on fossil fuels. Chinese Nuclear Energy gies and high efficiency. produced 49.97 million tons of tivated friendship. ny is more like a cultural investment project in the Mid­ Nuclear plants can help Association. “In the past three years, crude oil, and fine gasoline “Our Saudi colleagues integration rather than just dle East, and also Sinopec’s meet China’s goal of reduc­ China has vowed to raise YASREF has earned prestige and diesel oil of 39.98 million admire Chinese culture, and business cooperation.” first overseas joint venture in ing greenhouse gas emis­ its total installed nuclear with advanced processes, fast tons, which were sold to we are interested in and YASREF’s president, Abdal­ refining. sions, providing air capacity to 58 GW by 2020, construction, high quality and Europe and Asia. respect Saudi traditional cus­ lah Alsubail, who has worked The project’s success is of pollution­free energy at a up from 35.8 GW at the end safety, as demonstrated by its YASREF has become a mod­ toms,” said Wang Song, a Sino­ in China for more than eight great strategic significance to lower cost to consumers, he of 2017. It also aims to have winning the Platts’ ‘Construc­ el for the China­Saudi energy pec engineer, who has worked years, said the project has set China in terms of opening up said. another 30 GW under con­ tion Project of the Year’ award cooperation and future bilat­ in Yanbu for more than a year. an example for the Saudi goal new overseas markets for its In order to phase off coal struction by the end of 2020. in 2015,” said Li Xihong, chief eral cooperation within the During the Chinese tradi­ of developing industries, refining industry and chemi­ and cut down pollution However, Jacobelli said representative of Sinopec’s Belt and Road Initiative, Li tional Spring Festival in Feb­ increasing non­oil revenues, cal engineering services, Zhou while continuing to grow its with no new reactor project Saudi branch. said. ruary this year, YASREF held a and creating job opportunities. said. economy, the Chinese capital approved in the country for China and Saudi Arabia The initiative, proposed by special Chinese Cultural Day Sinopec, which owns Li said YASREF’s board of is increasingly turning to more than two years, China inked an agreement on the China in 2013, refers to the Silk event to celebrate the Chinese advanced refining skills and directors will convene a meet­ nuclear energy to meet the might not be able to accom­ joint venture in 2012 with a Road Economic Belt and the new year holiday, which was expertise, has sent top­notch ing in Shanghai, China, this country’s demand for power plish its 2020 targets. total investment of $8.6 bil­ 21st Century Maritime Silk also warmly welcomed by the engineers to YASREF, making month to formulate a plan for in a more sustainable way. “It is unlikely that by 2020 lion, with 62.5 percent of the Road which aim at building a Saudi colleagues, Wang said. great contribution to the refin­ its production and operations “The commissioning of China will have commis­ equity interest owned by Sau­ trade and infrastructure net­ Even the local government ery’s smooth operation by in the following years, as both the two reactors as well as sioned 58 GW,” said Jacobelli. di Aramco and 37.5 percent by work connecting Asia with invited the Chinese workers to improving the workers’ skills sides are confident of their ambitious nuclear capacity “But it will be shifted for­ Sinopec. Europe and Africa along the hold a similar event for local and efficiency, Alsubail said. future cooperation. targets in coming years defi­ ward so that China would YASREF went into test oper­ ancient trade routes of the Silk residents after learning about YASREF has also created a nitely show Chinese clean still end up with 88 GW or ation in April 2015, and started Road. the company’s celebration. lot of job opportunities for XINHUA commitment to ensure that more before 2025.”