Trimble Navigation Ltd. (TRMB) stated that it signed a definitive agreement with the China Railway Eryuan Engineering Group Co. Ltd. or CREEC to form a joint venture in China. The joint venture will be based in Chengdu, China and is expected to begin operations after regulatory approval from the Chinese government, the company said.
The company noted that the joint venture, 50% owned by Trimble and 50% owned by CREEC, will leverage Trimble's commercial positioning, communications and software technologies and CREEC's expertise in rail design and construction to develop and provide digital railway solutions that address the design, construction and maintenance for the Chinese railway industry.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.