MacGregor marks first joint venture in China

(KAARINA, Finland) — MacGregor, part of Cargotec, and China State Shipbuilding Corp.'s (CSSC) Nanjing Luzhou Machine Co. Ltd. (LMC) have announced the start of their first joint venture in Nanjing, China. This venture turns the first page for a new era of a long-term strategic cooperation.

With common efforts from both parties, the joint venture will be gradually developed to be the center of excellence for air compressors. The cooperation will be expanded step by step to cover other suitable products in the future.
"This joint venture establishment is a new cooperation model between our companies who both operate in the challenging market conditions," said Sun Wei, vice president of CSSC Group. "CSSC Nanjing Luzhou and MacGregor have built a solid foundation through 30 years' friendly cooperation. The new joint venture will combine MacGregor's strengths in design, technology, management and global after-sales service with Nanjing Luzhou's strengths in domestic production and sales based on the scale and industry strength of the CSSC Group."
"When looking at CSSC and MacGregor, we see two leaders joining forces," said Michel van Roozendaal, president of MacGregor. "CSSC is the primary shipbuilding group in China, and well positioned as a global leader in the industry. MacGregor is the global leading expert of marine and offshore cargo and load handling solutions. This powerful combination will help us serve our customers even better than before. We shape the industry we operate in."
China is the biggest shipbuilding market in the world, and overall, the vast majority of global shipbuilding takes place in Asia. CSSC is the leading company in the leading market, and a very important cooperation partner for MacGregor, which is enhancing its footprint in Asia.

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By Professional Mariner Staff