MacGregor joint venture set up in Vietnam

15 April 2008

Marine crane manufacturer MacGregor and Vietnam Shipbuilding Industry Group (Vinashin) have agreed a joint venture for the production of cranes and hatch covers.

MacGregor has a 49% stake and Haiphong, Vietnam-based Vinashin, holds the remainder. MacGregor is part of Cargotec Corporation, which owns Hiab and Kalmar and had net sales last year of Euro 2.6 billion.

MacGregor Vinashin Marine Equipment Ltd will concentrate on hatch cover production to shipyards in Vietnam. The next phase will include production and assembly of marine cranes. Construction of a new factory will start in the next month or two and production is expected to start within a year.

Latest News
WATCH: Gordie Howe Bridge project connects main span
The Gordie Howe Bridge main span was connected earlier this week
Leica Geosystems launches GKP100 Captivate Keypad for surveying
The GKP100 is compatible with all current and future tablets
Bechtel wins EPC contract for multi-billion-dollar LNG export terminal expansion
US-based contractor Bechtel has signed a deal with liquefied natural gas (LNG) exporter Sempra to build the second phase of the Port Arthur LNG export project in Texas