GE Transportation forms joint venture with CSR Qishuyan Locomotive
CSRGY | Quote | Chart | News | PowerRating -- GE Transportation, a unit of GE and a producer of diesel-electric locomotives, have formed a new joint venture company with CSR Qishuyan Locomotive, a unit of China South Locomotive and Rolling Stock, to develop, build and service GE's Evolution Series locomotive diesel engines in China.
The joint venture is expected to launch operations at the end of 2011, including the assembly, testing and overhaul of engine components such as power assemblies and turbochargers in China.
During the second phase, starting in 2013, engines as well as components are expected to be assembled, tested and overhauled.
Tim Schweikert, president of GE Transportation China, said: "This new joint venture directly aligns with GE's strategic direction to design, manufacture and service product within the region or country in which they are used.
"GE will continue to supply key engine components for the final engine assembly such as turbocharger and fuel injection kits. Providing these key components also helps sustain approximately 120 US manufacturing jobs."
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