Cargotec and CNHTC plan joint venture for truck cranes in China

Cargotec plans to establish a 50/50 joint venture with China National Heavy Duty Truck Group (CNHTC) to expand its load handling presence in China. Total investment over several years is around EUR 100 million, with Cargotec's first-year equity investment approximately EUR 10 million.

“This joint venture represents an important strategic step for Cargotec, demonstrating our commitment to growing our offering and presence in China.”manufacturing-journal.net

• 1 source
• manufacturing-journal.netCargotec to expand offering and presence in China through joint venture with China National Heavy Duty Truck Group Co., LtdSuper UserApr 9, 2020

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