Cargotec transfers heavy crane business to Rainbow Industries in China

Cargotec has agreed to transfer its STS and yard gantry crane assets and intellectual property to Rainbow Industries Co Ltd (RIC) in China. Around 40 local Kalmar employees will move to RIC, with the transfer expected from September 2022.

“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 for our customers.”worldcargonews.com

• 1 source
• worldcargonews.comCargotec transfers heavy cranes business ‣ WorldCargo NewsWCN EditorialJul 1, 2022

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