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

  • ENH bitumen in-line plants destined for the Congo
    May 19, 2015
    ENH Engineering has broken into the market in the Democratic Republic of the Congo by selling two in-line bitumen emulsion plants. The plants, of which each can be built into a 12m container, were sold to the Congolese oil exploration and refining company Socir in the capital city of Kinshasha, said ENH's managing director Erik Haugaard. The in-line plants can produce all known bitumen emulsion types, from the simplest tack-coat to high-grade slurry emulsions. "The emulsion market in West Africa is gr
    Read More
  • Dressta works on next two generation crawler dozers
    December 20, 2013
    Dressta, the Poland-based LiuGong subsidiary, is developing its next generation of dozer crawlers, the first of which will be potentially available to customers sometime in 2016. Speaking at a recent Dressta press event at the firm’s HQ and factory in Stalowa Wola, southern Poland, David Beatenbough, LiuGong’s vice president, said: “We’ve got major work going on our next generation crawler dozer. It’s a global project. We have a team of Chinese [LiuGong] engineers who are paired off with a Polish [Dressta]
    Read More
  • Engine innovation for diesels and electrics
    October 2, 2018
    Engine firms continue to develop new power solutions and refine existing technologies - Mike Woof writes There has been strong pressure against internal combustion engines worldwide, with the scandal over the emissions from diesel powered private cars has strengthening opinion against these engines. Diesel engine firms are taking the long view by offering future power options such as alternative fuels and electric systems. The engine builders are also hard at work ensuring that power units for the indust
    Read More
  • Asphalt plant development is heading in different directions?
    June 14, 2017
    Developments in asphalt plant technology are seeing major gains in energy efficiency and the use of RAP but some manufacturers are moving in different directions - Mike Woof writes. Asphalt Drum Mixers is offering its EX120 asphalt plant as a solution for producers needing a portable counterflow plant that can process high percentages of RAP. The plant features single-drum counterflow technology and is said to be compact, with a capacity of 120tonnes/hour, while the firm says that the machine meets all fede
    Read More

Highlighted Content