Metso develops presence in China with acquisition

Metso has now completed its acquisition of a majority stake in Chinese construction equipment supplier Shaorui Heavy Industries. This is a significant move and will strengthen Metso’s presence in the Chinese construction market. Shaorui Heavy Industries (Shaorui), is one of the leading mid-market crushing and screening equipment producers in China. The move leaves Metso with a 75% holding in Shaorui and an option to purchase the remaining 25% in the future. The size of the deal has not been revealed however
September 27, 2013 Read time: 2 mins
6934 Metso has now completed its acquisition of a majority stake in Chinese construction equipment supplier 6935 Shaorui Heavy Industries. This is a significant move and will strengthen Metso’s presence in the Chinese construction market. Shaorui Heavy Industries (Shaorui), is one of the leading mid-market crushing and screening equipment producers in China. The move leaves Metso with a 75% holding in Shaorui and an option to purchase the remaining 25% in the future. The size of the deal has not been revealed however. Furthermore, it forms a good platform for future growth in terms of the leading crushing and screening market. The deal will give Metso a better product portfolio for emerging markets.

"The acquisition is an important step for us and helps us gain deeper knowledge of the products and customers in the Chinese construction markets. Our aim is to better serve the needs of our Chinese customers by developing technology for China,” said Pekka Pohjoismäki, president, Crushing and Screening business line, Mining and Construction, Metso. "Our recent actions in China, the acquisition of Shaorui Heavy Industries and the joint venture with 269 LiuGong Group Corp, announced last November, significantly strengthen our supply capabilities for the Chinese construction industry," he added.
Materials

For more information on companies in this article

Related Content

  • Optimised machines improve aggregate production
    February 27, 2012
    Improving aggregate production and quality levels is not just about investing in the latest equipment but making sure existing machines are optimised - Claire Symes reports. Although the cost of fuel has dropped since last summer's high, reducing the cost/tonne of production is still high on the agenda for most quarry operators, along with improving quality.
    Read More
  • CEA-backed report’s blueprint for UK construction equipment sector growth
    June 11, 2014
    Investment in advanced machine electronics capability; further investment in training and apprenticeship programs; and support for the UK as a continued centre for R&D are all key to securing growth within the British construction equipment industry, according to a comprehensive new Construction Equipment Association (CEA) commissioned report. Further recommendations for the industry in The UK Construction Equipment Sector Report are the need to ensure the cross fertilisation of advanced design, manufactu
    Read More
  • LiuGong aims to double US$700m export sales in 3 years
    January 6, 2017
    A senior LiuGong figure has revealed that the Chinese construction manufacturing giant is looking to double its US$700million overseas sales for 2012 in the next three years. Speaking at bauma 2013 Zeng Guang’an, the company’s vice chairman and president, explained how the ambitious international sales target was getting closer to being realised.
    Read More
  • LiuGong aims to double US$700m export sales in 3 years
    April 15, 2013
    A senior LiuGong figure has revealed that the Chinese construction manufacturing giant is looking to double its US$700million overseas sales for 2012 in the next three years. Speaking at bauma 2013 Zeng Guang’an, the company’s vice chairman and president, explained how the ambitious international sales target was getting closer to being realised.
    Read More

Highlighted Content