Uncommon · Organizations
CRRC
Chinese rolling stock manufacturer
CRRC Corporation Limited (known as CRRC, China Railway Rolling Stock Corporation) is a Chinese state-owned and publicly traded rolling stock manufacturer. It is the world's largest rolling stock manufacturer in terms of revenue, eclipsing its major competitors Alstom and Siemens.
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It was formed on 1 June 2015 through the merger of CNR and CSR. As of 2016 it had 183,061 employees. The parent company is CRRC Group, a state-owned enterprise supervised by the State-owned Assets Supervision and Administration Commission of the State Council. The State Council also owned additional shares via China Securities Finance and Central Huijin Investment. CNR Group and CSR Group, were once one company, China National Railway Locomotive & Rolling Stock Industry Corporation (LORIC). The company was split up in 2002. In late 2014, CNR Group and CSR Group agreed to merge, subject to approval by the Chinese state. Under the agreement, CNR Group would formally acquire CSR Group (but CSR Corporation Limited would acquire China CNR Corporation Limited).
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