Cargotec subsidiary Macgregor, and the China State Shipbuilding Corporation’s (CSSC) Nanjing Luzhou Machine Co., Ltd. (LMC) recently celebrated the opening of their first joint venture in the city of Nanjing, China.
Both companies have built up a solid foundation and a very strong bond with each other over the last 30 years of cooperation. This new joint venture is the start of a new era for the continued long-term strategic partnership. The organizational structure and business model were devised last year with the joint venture receiving their business license in March this year.
The joint venture will continue to develop as both parties contribute common efforts to create a center of excellence for air compressors. Other the coming years further expansion will be made with the introduction of new product lines.
CSSC Group Vice President, Sun Wei said, “This joint venture establishment is a new cooperation model between our companies who both operate in the challenging market conditions. 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. By actively exploring effective and innovative ways of cooperation, we are together able to achieve a win-win situation and good market prospects for the joint venture.”
MacGregor President, Michel van Roozendaal had this to say about the new joint venture, “When looking at CSSC and MacGregor, we see two leaders joining forces. 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 serving our customers even better than before. We shape the industry we operate in.”