INEKON GROUP enters the Chinese tram market
 - New Joint Venture will have registered capital more than 1 billion crowns
 - Annual sales can reach up to 27.5 billion crowns

Prague 23 July, 2014 - Inekon Group founded in China new Joint Venture Tong Hao Railway Vehicles Corp. (THRV) with registered capital of nearly 1.1 billion crowns (40 mil. €). The new company was founded in partnership with public corporation China Railway Signal and Communication Corp. (CRSC) and Xiangtan Electric Manufacturing Group Corp. (XEMC), with which INEKON GROUP has long-term cooperation. The majority owner of the company will be CRSC with 66 %. INEKON GROUP together with XEMC will have an equal share of 17%. The business activity of new company THRV will be the production and sale of low-floor trams Superior Plus manufactured according to technical documentation done by Inekon Group.

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