China South Locomotive and Rolling Stock Corp Ltd (CSR), one of the country's two leading train makers, has signed deals worth 10 billion yuan ($1.6 billion) in China and other emerging markets, including Argentina and Nigeria.

CSR, which has a market value of $11.2 billion, signed the largest deal with Argentina's Ministry of the Interior and Transport, with a value of about 3.4 billion yuan, the company said in a statement on the Hong Kong stock exchange.

The total value of the contracts accounted for about 12.4 percent of the operating revenue of the company in 2011, it said. (Reuters)