# 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.

- Type: Partnership
- Announced: 2020-04-09
- Where: China, China
- Value: $109.0M (100.0M EUR)
- Status: announced
- Products: truck cranes, hooklifts, load handling equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cargotec](https://endata.com/companies/1832.md)
- [China National Heavy Duty Truck Group Co., Ltd](https://endata.com/companies/46459.md) (partner)

## Sources

- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2524-cargotec-to-expand-offering-and-presence-in-china-through-joint-venture-with-china-national-heavy-duty-truck-group-co-ltd), 2020-04-09: "This joint venture represents an important strategic step for Cargotec, demonstrating our commitment to growing our offering and presence in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.