SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (34112)5/21/2003 3:22:39 AM
From: elmatador  Respond to of 74559
 
<<Guess who'll get the future business!!>>
Message 18920097

Yes, future business is coming :-)
China: Siemens wins big contract in Guangdong Province

Transportation Systems and ZELW to supply 40 trains for Guangzhou Metro

Erlangen, May 19, 2003

Siemens Transportation Systems (TS) is to supply in cooperation with the Chinese rail car manufacturer Zhuzhou Electric Locomotive Works (ZELW) forty 3-car units to the Guangzhou Metro Co. A contract worth around US$ 170 million was signed today in Guangzhou for these 40 metro trains, which are to be used on the city’s new Line 3.
About 80 percent of the supplies and services are to be rendered by Siemens. “With this new contract only 14 months after the rolling stock order for Shanghai’s Line 4, TS has further strengthened its position in the growth market China and particularly in the Guangdong Province,” explained Hans-Dieter Bott, TS Group Vice President, at the contract signing ceremony.

The total local value-added content represents around 70 percent of the order value. This high local content has been achieved by providing most of the material supplies and services from Siemens China and it’s partner ZELW.

The first metro train for Line 3 is scheduled to be delivered to the customer in September 2005, with all 40 units being handed over by the middle of 2007. Plans call for passenger service to start initially with five metro trains on Line 3 in December 2005. The operation con-cept of line 3 requires a speed of 120km/h. With this concept Guangzhou Metro Corporation (GMC) is again taking a pioneer role in the development of China Metro systems.

With 15 underground railway lines planned, Guangzhou is the third largest individual market in the People’s Republic of China after Shanghai and Peking. The network of heavy rail lines to be built in this city of nine million inhabitants will eventually stretch over 400 kilometers. The next projects in the region will focus on metro lines 4 and 5 as well as on the interurban rail link between Guangzhou and Foshan.

The very first metro line in Guangzhou was built under the terms of a turnkey contract by a consortium that included Siemens. The signaling equipment for Line 2 also was supplied by Siemens Transportation Systems.



To: TobagoJack who wrote (34112)5/21/2003 11:41:59 AM
From: LLCF  Read Replies (1) | Respond to of 74559
 
Message 18962692

Someone alert Mq:

<<But intelligent and informed people know that gold is a currency. >>

--ggg--

DAK



To: TobagoJack who wrote (34112)5/21/2003 12:43:52 PM
From: pezz  Read Replies (1) | Respond to of 74559
 
This mornings report comes from the library in CODY. Off to Greybull next to look at a house then some town I can't pronounce letalone spell...Thermopolous?

Ya know since I have noticed Gold duz the inverse of the dollar ( can't go wrong using Maurice as a contrary indicator) if I could find a way to play it I would be so inclined. It seems that gold stocks have their own problems .

<<Jam the printing press>>

Some how some way some of that dough is gotta find it's way into stocks ....I think?