Independent journal on economy and transport policy
08:08 GMT+1
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Cargotec will constitute joint venture with the Chinese Jiangsu Rainbow Heavy Industries Ltd. Co.
Moreover the Finnish group will acquire 49% of Lowers Crane Investment Holdings
July 25, 2011
The Cargotec group, between the world leaders in the means production of raising, market in which work with the marks MacGregor, Kalmar and Hiab, it will constitute joint venture with the Chinese Jiangsu Rainbow Heavy Industries Ltd. Co. (RHI), company constituted in the 2003 that gives some years cooperates with Cargotec for the commercialization of the produced ones of the Finnish group in China.
Joint venture will be participated with 51% from remaining RHI and 49% from Cargotec, than it will invest you about 30 million euros.
According to the forecasts, joint venture will become operating at the beginning of the next year. The activity of the new society will be centralized mainly on the harbour cranes ship-to-Shore, on the cranes to portal on rubber and track and the cranes for marine use.
Moreover the collaboration between the two companies will be strengthened graces to an investment of 50 million euros that will be realized by Cargotec in order to acquire 49% of Lower Crane Investment Holdings Ltd. , society of Hong Kong who stops 18.75% of the capital stock of RHI. The quota will be yielded by the investment trust Carlyle Asia Growth Partners IV of the Carlyle group.
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The Cargotec group, between the world leaders in the means production of raising, market in which work with the marks MacGregor, Kalmar and Hiab, it will constitute joint venture with the Chinese Jiangsu Rainbow Heavy Industries Ltd. Co. (RHI), company constituted in the 2003 that gives some years cooperates with Cargotec for the commercialization of the produced ones of the Finnish group in China.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
