Bühler GmbHSailors SocietyPort of South LouisianaTBA GroupCleveland Cascades LtdCoaltrans Virtual World Coal Leaders Network 2020
  • Telestack
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?
  • Cimbria
  • Coaltrans Virtual World Coal Leaders Network 2020
  • Vigan
  • TOC Events

Cargotec completes China JV change

(Posted on 08/06/20)

Cargotec has completed the sale of its share of the joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. As part of the agreement, Cargotec acquired certain operations and assets of the joint venture from Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI), and approximately 160 employees have moved over from RCI to Kalmar.

On 11 May 2020, Cargotec announced plans to sell its 49% share of the joint venture to the other owner RHI. RHI now owns 100% of the former joint venture, and the new name of the company is Rainbow Industries Co. Ltd. (RIC). RIC will continue as Cargotec’s subcontractor and provide assembly services for Cargotec’s business areas Kalmar and MacGregor at the factory in Taicang, China.

The change aims to simplify Cargotec’s global supply chain operations. Simplification is needed mainly because the number of complex automation projects has been growing in the past couple of years. The arrangement also supports the asset light balance sheet structure.

Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totalled approximately EUR 3.7 billion and it employs around 12,500 people.

Latest News

XSHIP helps Berge Bulk select Nippon coating

(Posted on 25/10/20)

Nippon Paint Marine has enhanced its existing hull condition monitoring software by adding the XSHIP... Read more


Reasonable result for Cargotec despite pandemic

(Posted on 23/10/20)

Cargotec’s interim report January–September 2020 has shown that performance improved from... Read more


Bright outlook at Gibraltar repair yard

(Posted on 18/10/20)

Ship repair activity at Gibdock has continued to be rock solid, despite uncertainties through the first... Read more


Survitec celebrates centenary with virtual museum

(Posted on 16/10/20)

Survitec, a global provider of survival solutions, has partnered with the Museum of Godalming, located... Read more


Ocean Technologies NI’s first Sapphire Affiliate Member

(Posted on 16/10/20)

In a move to support the commitment of The Nautical Institute’s work to promote professionalism... Read more


Savanah terminal increases capacity with Bruks Siwertell

(Posted on 14/10/20)

Bruks Siwertell has been awarded a contract to supply the USA-based Colonial Group with a new high-capacity... Read more


(Posted on 12/10/20)

MacGregor, part of Cargotec, has secured an order to provide cargo handling cranes for four 62,000 dwt... Read more


Wärtsilä Voyage selected by MMA

(Posted on 12/10/20)

Wärtsilä Voyage will supply two of its advanced cloud-based simulation solutions to the Massachusetts... Read more


Wärtsilä provides training solution for Anglo-Eastern

(Posted on 07/10/20)

Wärtsilä Voyage Cloud Simulation Solution has been selected by leading ship manager, Anglo... Read more


PureCool, enables methane slip reduction

(Posted on 07/10/20)

With IMO targeting a 50% reduction in greenhouse gas emissions by 2050, LNG is becoming a natural choice... Read more


Port of Vancouver USATOC EventsPort of StocktonViganTelestackTMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?
  • Port of South Louisiana
  • Port of Stockton
  • Bühler GmbH
  • Cleveland Cascades Ltd

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping