On June 22, 2021, FSG Leasing Pte. and CRRC Changchun Railway Vehicle Co., Ltd. signed cooperation agreement in Changchun.
CRRC Changchun Railway Vehicle Co., Ltd., formerly the Changchun Cars Company, was founded in 1954. It is the only manufacturer of CRRC that can produce 350 kilometers per hour low temperature EMUs. It has achieved compliance with international standards in its management system and taken the lead among domestic peers in passing the certification of International Railway Industry Management System (IRIS). With products exported to more than 20 countries including the US, Australia, Brazil, Thailand, Saudi Arabia, and Ethiopia, etc. and widely acclaimed by customers, it is called the “Golden Business Card” of China's equipment manufacturing industry.
With the signing of the cooperation agreement, FSG Leasing will leverage the local advantages and resources gained by Frontier Services Group's long-term strategic layout in the key BRI countries and jointly develop the international market with CRRC, in order to deepen mutually beneficial cooperation and achieve win-win development in the international railway transportation equipment industry and railway engineering contracting, etc.
Mr. Bao Yujun - Deputy General Manager of CRRC Changchun Railway Vehicle Co., Ltd., Mr. Cao Ran - Deputy General Manager of Overseas Business Department, and Mr. Zhou Jiang - General Representative in Thailand, attended the signing ceremony with Mr. Xie Feng - Executive Director of FSG Leasing, and Mr. Qu Li - Advisor of FSG.