The hottest Metso company increases strategic inve

2022-08-01
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Metso has increased its strategic investment in China's construction market. Metso has increased its strategic investment in China's construction market. Introduction: China's construction market is developing rapidly. Metso announced that it will strengthen its layout through two strategic measures: establishing a joint venture with Liugong group and purchasing 75% of the equity of shaorui heavy industry. These two measures will enable Metso to better serve Chinese customers and support the sustainable development of China's industry and infrastructure

with the rapid development of China's construction market, Metso announced that it would strengthen its layout through two strategic measures: establishing a joint venture with Liugong group and purchasing 75% of the equity of shaorui heavy industry. These two measures will enable Metso to better serve Chinese customers and support the sustainable development of China's industry and infrastructure

Metso and Liugong group establish a joint venture

Metso and Liugong group (hereinafter referred to as Liugong) will form a 50%-50% joint venture to jointly develop the crawler mobile crushing and screening business in China. The joint venture will combine the technical expertise of Metso's crawler mobile crushing and screening business with Liugong's strong distribution capacity (about 900 distribution centers) and production capacity in China. The initial business scope of the joint venture is the localized design and production of Metso lokotrack 1000 series mobile crushing station and screening equipment, which may be expanded. The products will be sold under the double brand of "overload Metso Liugong". The joint venture will also promote the global caterpillar crushing and screening equipment of Metso in China

the establishment of the joint venture will enable Metso and its partners to gain considerable market share in China's rapidly developing mobile crushing and screening market. The investment amount of the new company will not be disclosed. The transaction will not affect other existing distribution networks of Metso worldwide. The transaction will be approved by the regulatory authorities and is expected to be completed within 6 months

Metso acquires shaorui Heavy Industry Co., Ltd.

Metso will purchase 75% of the shares of shaorui Heavy Industry Co., Ltd. (hereinafter referred to as shaorui), which is a major manufacturer in China's crushing and screening equipment market. Metso may purchase the remaining 25% of its shares in the future. This acquisition will enable Metso to serve more customers. Moreover, M & A has also built a good platform for future development, integrating the existing range of high-end products of Metso and the excellent performance of shaorui in the crushing and screening product market, so as to establish the leading position of Metso in the crushing and screening market. The technical expertise of the two companies will be fully utilized to further expand the scope of product supply in China. In addition, Metso will expand its product portfolio through mergers and acquisitions to enter new markets in Asia and Africa

shaorui's 18 sales and service centers and its strategically deployed production bases in South China complement Metso's production plants in Tianjin. The amount involved in the merger and acquisition is not disclosed. The transaction will be approved by the regulatory authorities and is expected to be completed within 6 months

"China is a very important market for Metso. We need to join the fast-growing construction market and focus on the future development of the optimization of the structure of abrasive tools. The joint venture with Liugong provides us with the opportunity to enter the crushing and screening mobile equipment market together with well-known partners. By purchasing 75% of the shares of shaorui, Metso will have a deeper understanding of the Chinese market and customer needs. This will enable us to benefit from multiple aspects. Long In the future, these two investments will undoubtedly increase the installed capacity of Metso crushers in China and provide opportunities for future development of service business, "said Andrew Benko, President of mining and construction of Metso

meizhuo's urbanization and infrastructure development in China have promoted the growth of China's construction equipment market. It is estimated that the market size will reach $100billion in 2016, which provides a huge development opportunity for meizhuo

Metso entered the Chinese market 80 years ago. Its predecessor delivered the first paper machine to China in the 1930s. So far, Metso has more than 3200 professionals in China and a nationwide production and sales service network. In 2011, the net sales in the Chinese market totaled 777million euros, making it one of the largest markets of Metso. Metso has 7 wholly-owned factories, 3 service centers and 3 joint ventures in China

Liugong group (hereinafter referred to as Liugong)

Liugong was founded in Liuzhou in 1958. Calculated by the number of complete machines sold, Liugong is the largest manufacturer of wheel loaders in the world. We believe Liugong provides a full range of machines, including wheel loaders, bulldozers, excavators, skid steer loaders, forklifts, graders, excavators, road rollers, truck cranes, paving universal tensile testing machines, daily precautions, and milling machines. The company has production facilities in India, Liuzhou, Tianjin, Shanghai, Changzhou, Zhenjiang, Jiangyin and Bengbu

shaorui Heavy Industry Co., Ltd. (hereinafter referred to as shaorui)

shaorui is a major manufacturer in the crushing and screening market, with more than 370 employees. Shaorui has a leading market position and extensive brand awareness in South China. Its headquarters are located in Shaoguan City, Guangdong Province

more about Metso

Metso is a global supplier providing technology and services to customers in the processing industry, covering the mining, construction, pulp and paper, power, oil and gas industries. We have 30000 professionals in more than 50 countries to achieve sustainable development and profitability for global customers. Our commitment: create excellence

Metso mining and construction professionals are always committed to providing customers in the stone production, construction, mining and mineral processing industries with the best technology, process, equipment and services

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