China Railway Rolling Stock Corporation wants to increase business in Mozambique

6 July 2016

The China Railway Rolling Stock Corporation (CRRC) plans to increase business in Mozambique, said the director for the company’s international business speaking to Mozambican daily newspaper Notícias.

The company, which repairs and supplies cars to Mozambican state port and railway company CFM recently signed a contract with Brazilian group Vale to supply more than 1,000 cars for transporting coal.

The President of Mozambique, Filipe Nyusi in May visited the CRRC in the city of Jinan, capital of Shandong Province, during his state visit to China.

On this visit, Nyusi said, according to Chen Dayong, that Mozambique plans to continue working with the company, “a fact that may lead to investment in equipment and building infrastructure.”

The CRRC currently exports equipment to 102 countries on six continents, including Mozambique, employs 175,700 people and has a share capital of 27,290 million yuan (about US$4.4 billion). (macauhub/CN/MZ)