On March 28, the first phase of EMU accessory project ofChangzhou Golden Ruida Technology Co., Ltd. was formally put into operation. At the same day, the second phase of project was launched. The total investment reached RMB 1 billion and the annual output value is expected to reach RMB 2 billion.

As one of key projects in Zhonglou Development Zone, Changzhou Golden Ruida Technology Co., Ltd. was founded in 2009 and involved the planned investment of RMB 1 billion.Currently, with the completed investment of RMB 350 million, it has built 60,000 square metersofplant in the first-phase construction, which is able to produce 8,000 sets ofmotor carbrakeparts,13,000sets ofhigh-powerdiesel locomotivepartsand2,000sets of railwayconstruction machinerypartsand accessories every year. The annual sales revenue is to reach RMB 500 million. In the second-phase construction, it will be invested RMB 300 million and newly build 49,000 square meters of plant, which mainly specializes indesign and production of EMU accessories cylinders, air cylinder and hydraulic circuit. After the completion, the sales revenue is to reach RMB 500 million.

Changzhou Golden Ruida Technology Co., Ltd. is one important enterprise of rail transportation industrial chain of Changzhou . Recently, it has established Jiangsu Rail Transportation Precision Manufacturing Research Center , of which the products coveringrailwaymaintenance machinery, EMUaccessories,Metro, GEhigh-powerlocomotives(HarmonyHXN5) and special vehicles of rail transportation. The annual output value is expected to reach RMB 2 billion after the completion.