Long-term cooperation agreement with the Chinese rail car manufacturer Zhuzhou Rolling Stock Works (ZRSW), located in the Hunan province of China.

Greenbrier will source Chinese manufactured parts and components for Greenbrier’s freight car products in North America and Europe through a long term cooperation agreement with the Chinese rail car manufacturer Zhuzhou Rolling Stock Works (ZRSW), located in the Hunan province of China. The parties will also identify design and commercial collaboration opportunities to support the growing railcar supply sector in China and throughout the world. Greenbrier currently has several other active sourcing programs in China. These programs have reduced manufacturing costs, while maintaining or improving quality and reliability. The Company is examining the expansion of these relationships, as well.