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Cargotec establishes crane joint venture in Jiangsu

23 May 2012
Materials handling company Cargotec has formally established a joint venture with Jiangsu Rainbow Heavy Industries that will build a new facility in Taicang, Jiangsu province. The Finland-based company will invest US$30m in return for a 49 per cent stake in the joint venture.

The joint venture will manufacture ship-to-shore cranes, rubber-tyred gantry cranes, rail-mounted gantry cranes and marine specialty cranes.

     
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