Cargotec subsidiary, Kalmar, is transferring its heavy cranes intellectual properties and assets in China to Rainbow Industries.
This deal covers all Kalmar rubber-tyred gantry cranes, rail-mounted gantry cranes, ship-to-shore cranes as well as automatic stacking cranes which are currently assembled and manufactured at RIC’s facility in Taicang, China.
RIC has been Cargotec’s OEM subcontractor providing assembly services since 2020 and the two companies have worked together since 2013. “We have had a long partnership with RIC and we are pleased that they would be taking over in China and we could secure a smooth transition to our customers,” said Arto Keskinen, senior vice president horizontal, Kalmar.
“We will stand behind all existing customer commitments including all agreed deliveries, valid quotations and options. We will also continue to support, develop and offer crane automation solutions and crane services for new and existing customers.”
The agreement, which is currently awaiting approval from the Chinese authorities, will see around 40 locally based Kalmar employees move over to RIC. The move is anticipated to be complete in September.
Kalmar will continue to focus on offering cargo handling equipment in the mobile equipment product categories, straddle and shuttle carriers, Bromma spreaders and lifecycle services.
