BEIJING - Shares of China North Locomotive and Rolling Corp Ltd (CNR), the nation's second-largest train maker, gained Monday after delivery of two electric locomotives to Belarus. They will be the first Chinese electric locomotives on the European rail network.
The company's share prices jumped 2.88 percent to 4.28 yuan (68 cents) on the Shanghai bourse.
The two locomotives are the first batch of 12 electric locomotives imported by Belarus from China and will be put into commercial operation after the empty-loading commissioning and trial running on Belarusian lines, CNR said in a statement on its website.
The remaining 10 locomotives will be delivered by CNR Datong Electric Locomotive Company Limited by the end of the year, it said.
According to an agreement signed in 2010, Belarus will buy 12 electric locomotives from CNR for around 700 million yuan in total.
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