CARGOTEC DOES KALMAR CHINA DEAL

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Cargotec has entered into a new agreement with RIC (Rainbow Industries Co. Ltd.) with respect to its Kalmar subsidiary.

Cargotec is moving Kalmar-related heavy cranes intellectual property to its partner in China

As a result, Kalmar’s heavy cranes related intellectual properties and assets are being transferred to RIC.

The new deal involves Kalmar’s rubber-tyred gantry cranes (RTGs), rail-mounted gantry cranes (RMGs), ship-to-shore units (STS) and automatic stacking cranes (ASC), all of which are currently manufactured and assembled at RIC’s facilities in Taicang, China.

There is an existing relationship between RIC and Cargotec, with the Chinese company acting as original equipment manufacturing (OEM) subcontractor, providing assembly services, for both Kalmar and MacGregor since 2020. Prior to this date, Cargotec and RIC had been working together in a joint venture in China since 2013.

Cargotec has explained that the new arrangement will allow Kalmar to focus on providing eco-efficient cargo-handling equipment in the mobile equipment product categories, together with straddle and shuttle carriers, Bromma spreaders and lifecycle services.

The Port of Esbjerg has ordered a second LHM 800 from Liebherr. The new crane is the seventh Liebherr mobile harbour crane to be used at Denmark’s largest port. Next-generation offshore wind turbines will be lifted with the new heavy-duty crane. Liebherr will also make a further delivery of an LHM 600 to Port Esbjerg before the end of the year.

Kalmar is also expected to continue to offer crane automation and crane related services for its customers on a global basis.

Arto Keskinen, SVP Horizontal, Kalmar explains further: “This will be an important step for Kalmar. 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. 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 new deal will also see 40 Kalmar employees that are based in China will officially join RIC, with all planned changes due for completion during September 2022, subject to approval from Chinese authorities.