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Metso, Liugong announce joint venture


February 21, 2014
By Rock to Road

metsochinaFebruary 17, 2014 – Metso and Guangxi Liugong Group Co.,
Ltd. (Liugong) have entered into a 50%-50% joint venture that will
include local production of Metso's crushing and screening equipment.

metsochinaFebruary 17, 2014 – Metso and Guangxi Liugong Group Co.,
Ltd. (Liugong) have entered into a 50%-50% joint venture that will include local production of Metso's crushing and screening equipment.

 

Headquartered in Shanghai, Liugong Metso Construction
Equipment (Shanghai) Co. Ltd. (LiuGong-Metso) will combine Metso's know-how in
track-mounted crushing and screening business and technology with LiuGong's
extensive distribution resources (~900 customer service locations in China) and
manufacturing capabilities in China.

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The initial scope of the joint venture will cover the design
and manufacture of localized versions of Metso's Lokotrack mobile crushers and
screens, the first of which should be launched during the first half of 2014.
The products, whose range may be further expanded in the future, will be sold
under dual branding: LiuGong Metso. The joint venture will also promote Metso's
global track-mounted crushing and screening equipment in China. The value of
the investment made in the new company will not be disclosed.

 

"The joint venture enables the capture of a significant
market share of the fast growing mobile crushing and screening market in China.
Our target is to build a market driven technology offering and the joint
venture with LiuGong is a major step towards this direction. Together with the
acquisitions of the steel foundry in Quzhou City and Shaorui Heavy Industries
Ltd., announced last year, the joint venture significantly strengthen our supply
capabilities for mining and construction industries in China." states João
Ney Colagrossi, President, Mining and Construction, Metso.


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