Search results for: cargotec

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  • 14 September 2011
    Business & Finance

    Cargotec opens a new marine service company: MacGregor BLRT Baltic UAB in Klaipeda, Lithuania. The company is a joint venture owned by Cargotec (51%) and Western Shipyard (49%), located in Klaipeda. “This joint venture with the major shipyard owner in Baltic, Western Shipyard – is a natural continuation for Cargotec’s Marine Service development in the […]

  • 14 September 2011

    Cargotec opens a new marine service company: MacGregor BLRT Baltic UAB in Klaipeda, Lithuania. The company is a joint venture owned by Cargotec (51%) and Western Shipyard (49%), located in Klaipeda. “This joint venture with the major shipyard owner in Baltic, Western Shipyard – is a natural continuation for Cargotec’s Marine Service development in the […]

  • 14 February 2007

    Cargotec has made an agreement to acquire Indital Construction Machinery Ltd. (Indital) a company based in Bangalore, India. The acquisition creates manufacturing presence in India for Cargotec and supports the growing sales activities of all three of Cargotec’s business areas. Indital has its manufacturing facility in Bangalore, producing container reach stackers, heavy fork lift trucks […]

  • 13 June 2014
    Business & Finance

    Cargotec has entered into a long-term partnership with Citec in India and transferred its local engineering centre in Pune, Cargotec Engineering India (CEI), to Citec. Citec is an international multi-discipline engineering and information management services provider with headquarters in Vaasa, Finland. The transaction includes the transfer of Cargotec’s current engineering business and its 110 employees […]

  • 19 September 2011

    In August Cargotec confirmed a contract worth over EUR 20 million to deliver totally 80 cranes for 20 open hatch bulk carriers (OHBC) from STX Marine Service Co., Ltd in Busan. Ten vessels will be built at STX Dalian shipyard in China, and the other ten vessels at STX Offshore & Shipbuilding Co. Ltd., Jinhae […]

  • 4 September 2012
    Business & Finance

    75 years on, Cargotec’s MacGregor range of reliable, innovative technologies continues to provide shipowners and operators with unrivalled expertise and performance in the most demanding marine environments. “This year marks the 75th anniversary of MacGregor, Cargotec’s global market-leading brand in marine cargo handling and offshore load-handling solutions. Although much has changed since its foundation, it […]

  • 17 September 2009

    As part of Cargotec’s strategy to strengthen its global service network, the company has opened up new service stations in Zeebrugge in Belgium, Esbjerg in Denmark, Liverpool in the United Kingdom, Cadiz and Ferrol in Spain, Kaohsiung in Taiwan, and Balboa in Panama. Bernt Gunnarson, business development director for MacGregor Service at Cargotec, says that: […]

  • 4 October 2012
    Business & Finance

      Cargotec’s Board of Directors decided in September to proceed with the preparations for a separate listing of Marine in Asia by the second half of 2013 subject to market conditions. In order to support growth and value creation in the listing process, the Board has appointed Cargotec’s President and CEO Mikael Mäkinen, M.Sc. (Eng) […]

  • 29 January 2013
    Business & Finance

    Cargotec’s Board of Directors has in its meeting on 27 January, 2013 appointed Mika Vehviläinen (M.Sc. (Econ.), b. 1961, as Cargotec’s new President and CEO. Vehviläinen will start at Cargotec on 1 March 2013. Tapio Hakakari, Cargotec’s Vice Chairman of the Board, will continue as the interim President and CEO until 28 February 2013. Mika […]

  • 21 July 2014
    Business & Finance

    Cargotec has decided to reverse earlier plans to separately list its MacGregor business, as said in a press release on Friday.   “Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the new MacGregor […]

  • 18 May 2012
    Business & Finance

    After receiving regulatory approvals, Cargotec has established Rainbow-Cargotec Industries Co Ltd (RCI) a joint venture with Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI) in China. Cargotec’s ownership in the joint venture is 49 percent. The plans for joint venture were published in July 2011. Cargotec’s equity investment in the joint venture is, as earlier announced, […]

  • 18 June 2012

    Rainbow-Cargotec Industries Co Ltd (RCI) is a joint venture of Cargotec and Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI) in China. The companies celebrate the ground breaking for RCI’s new facility in Taicang Jiangsu province, China today. The ground breaking ceremony for the new facility is hosted by Cargotec’s President and CEO Mr. Mikael Mäkinen […]

  • 31 March 2015
    Business & Finance

    Finnish cargo-handling machinery maker Cargotec has become a sole owner of China Crane Investment Holdings Limited after buying the remainder of the investment company’s shares from CAG Marine Holding Limited, part of Carlyle. Cargotec and CAG Marine jointly owned China Crane Investment Holdings Limited (China Crane), which has owned 18.75% of the shares in Jiangsu Rainbow Heavy Industries (RHI) […]

  • 9 September 2011
    Business & Finance, Equipment

    A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-breadth pipelaying crane barge, Con Son. The 1969-built vessel is currently […]

  • 4 October 2011
    Business & Finance

      Cargotec has been chosen as the preferred partner to supply 40 Kalmar automatic stacking cranes with related technology and 28 Kalmar shuttle carriers to DP World’s deepsea container port London Gateway. Cargotec and DP World have signed a cooperation agreement and aim to finalise the contract shortly. The parties have agreed not to disclose […]

  • 28 January 2013
    Business & Finance

    Cargotec’s Board of Directors has in its meeting on 27 January, 2013 appointed Mr. Mika Vehviläinen (M.Sc. (Econ.), b. 1961, as Cargotec’s new President and CEO. Vehviläinen will start at Cargotec on 1 March 2013. Tapio Hakakari, Cargotec’s Vice Chairman of the Board, will continue as the interim President and CEO until 28 February 2013. […]

  • 19 January 2012
    Business & Finance, Research & Development

    Pasi Lehtonen has been appointed as Senior Vice President of Cargotec’s Offshore business segment, effective from the beginning of January. Mr Lehtonen has worked with Cargotec since 1995, his most recent position being Senior Vice President of Finance for Cargotec’s Marine business. He will continue as a member of Marine’s management group. In an earlier […]

  • 9 June 2014
    Business & Finance

    Cargotec has appointed Markku Oja as Vice President, Real Estate Management. He will be responsible for corporate real estate strategy and implementation. The appointment will be effective as of 1 July 2014. Markku Oja, M.Sc. (Tech.), comes with 20 years of experience in corporate real estate, most recently as General Manager, Real Estate Middle East & […]

  • 16 May 2012

    In April, Cargotec secured new contracts to deliver MacGregor anchor-handling, mooring and towing solutions for 15 offshore support vessels (OSV) of various types being built in China for Asian customers. The ships are being built in several shipyards in China for delivery throughout 2013 and 2014 to Coastal Offshore, Nam Cheong, Ezion Holding and Middle […]

  • 19 September 2011
    Business & Finance

    In August Cargotec confirmed a contract worth over EUR 20 million to deliver totally 80 cranes for 20 open hatch bulk carriers (OHBC) from STX Marine Service Co., Ltd in Busan. Ten vessels will be built at STX Dalian shipyard in China, and the other ten vessels at STX Offshore & Shipbuilding Co. Ltd., Jinhae […]

  • 11 June 2012

    Cargotec has decided to proceed with investment plans in its multi-assembly unit (MAU) in Stargard Szczecinski in Northern Poland. The value of the investment for a new painting and assembly area will be close to EUR 20 million. The planned new area is estimated to be completed in 2014. Cargotec’s multi-assembly unit in Poland started […]

  • 12 June 2014
    Equipment

    Eric Nielsen, member of Cargotec’s Executive Board and President of MacGregor business area will resign from Cargotec with immediate effect due to personal reasons.