Independent journal on economy and transport policy
23:52 GMT+2
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Cargotec sells its stake in a crane factory in China to partner Rainbow Heavy Industries
The plant manufactures vehicles for the Kalmar and MacGregor brands
May 11, 2020
The Finnish manufacturer of lifting and handling Cargotec sells its 49% stake Rainbow-Cargotec Industries Co. (RCI) joint venture to its partner Chinese Jiangsu Rainbow Heavy Industries Co. (RHI) RCI, a company established in 2012 is based in Suzhou, Taicang Port Economic and Technological Development Zone, which produces cranes for the port and offshore sector Kalmar and MacGregor brands of the Cargotec group. The latter has specified that an agreement has also been signed under the cargotec will also acquire some of the assets RHI assets.
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