Although affected by the international financial crisis, Mudanjiang Fittings Base of Qiche Group still tried its best to raise funds and promoted the construction of the modern railway fittings manufacturing and export base. At present, Qiche Group has established a working group to promote this work. In August, Mudanjiang Jinyuan Hook Buffer Manufacturing Co., Ltd. will complete the one-time repurchase of land, in preparation for listing synchronously with CNR Corporation Limited. Meanwhile, in order to prepare for product exports to Mongolia, the enterprise purchased relevant equipment for transformation. This year, the enterprise plans to invest 210 million yuan, of which 180 million yuan will be used for the repurchase of land and houses. According to the introduction, Mudanjiang Fittings Base is jointly composed of Mudanjiang Jinyuan Hook Buffer Manufacturing Co., Ltd. and Mudanjiang Qixing Foundry Co., Ltd. of Qiche Group. Among them, "Jinyuan Hook Buffer" is a limited liability company jointly invested by Qiqihar Railway Transport Equipment Co., Ltd. and Mudanjiang Locomotive & Vehicle Factory, which was founded in April 2006; "Qixing Foundry" is a holding subsidiary invested and constructed by Qiqihar Railway Transport Equipment Co., Ltd. in Mudanjiang, which was founded in August 2005. The products of the "Fittings Base" not only meet the domestic railway equipment demand but also are exported to Russia, Kazakhstan, New Zealand, Brazil, South Korea and other countries. Since the establishment of "Qixing Foundry" and "Jinyuan Hook Buffer", their buffer process equipment and production capacity have been at the forefront of the industry, while the rocker, side frame, and coupler process equipment are advanced, but the production capacity is at the midstream level. In order to adapt to the long-term development planning of China CNR Corporation Limited and Qiqihar Railway Transport Equipment Co., Ltd., one of its shareholder units, and better participate in domestic and international market competition, and meet the needs of two markets, the two companies plan to build a modern railway freight car fittings manufacturing and export base project under the support of CNR Corporation Limited and Qiqihar Track Equipment Company. That is, on the basis of existing production facilities, using 4-5 years time to increase investment, taking railway freight car rocker, side frame, coupler, buffer and other products as pillar products, expanding production capacity, upgrading related technology processes and equipment levels, striving to be the leader in the industry, and building a railway freight car fittings manufacturing and export base in China. According to the introduction, the total investment of the base project is 400 million yuan, of which 350 million yuan is fixed asset investment, mainly used for factory renovation, purchasing tooling, tools, equipment and adjusting the process layout, kinetic energy system renovation, site construction, etc. After the completion of the project, the annual output of castings will increase from 30,000 tons to 120,000 tons. While meeting domestic demand, it will also be exported to Russia and other countries, and provide related components for the export of railway freight cars to Australia, Kazakhstan and other countries by Qiqihar Track Equipment Company. It is estimated that after the completion of the project, it will add 1 billion yuan in sales revenue, 20 million yuan in profit, and 100 million yuan in tax revenue.
Source: Huafeng Railway Components (http://www.hftlpj.com/)