China National Heavy Duty Truck Group Co., Ltd

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.

Sinotruk Hiab (Shandong) Equipment Co., Ltd, a 50/50 joint venture between Hiab (Cargotec) and China National Heavy Duty Truck Group, celebrated its official inauguration in TaiAn, Shandong province, China. The JV was established in November 2013.