China’s CIMC to acquire Maersk Container Industry at $987.3 mn
WAREHOUSING & LOGISTICS

China’s CIMC to acquire Maersk Container Industry at $987.3 mn

China International Marine Containers (CIMC) is set to acquire reefer plant Maersk Container Industry, an AP Moller-Maersk subsidiary, at $987.3 million.

CIMC will acquire MCI entirely and assets, which comprise a reefer factory in Qingdao, China, and its R&D and test engineering plants in Tinglev, Denmark.

CEO of fleet and strategic brands at A P Moller – Maersk, Henriette Hallberg Thygesen, told the media that the divestment of MCI is part of A P Moller – Maersk’s business transformation, where the the goal is to be an integrated container transport and logistics firm producing customer value across the entire supply chain.

Chairman and CEO of CIMC, Mai Boliang, told the media that by leveraging technology, and innovation they aim to form a new development platform within the cold chain.

Chinese companies now account for an estimated 100% of the world’s refrigerated containers and over 96% of the world’s dry cargo containers.

Image Source


Also read: Allcargo Logistics to foray into container terminal operation business

China International Marine Containers (CIMC) is set to acquire reefer plant Maersk Container Industry, an AP Moller-Maersk subsidiary, at $987.3 million. CIMC will acquire MCI entirely and assets, which comprise a reefer factory in Qingdao, China, and its R&D and test engineering plants in Tinglev, Denmark. CEO of fleet and strategic brands at A P Moller – Maersk, Henriette Hallberg Thygesen, told the media that the divestment of MCI is part of A P Moller – Maersk’s business transformation, where the the goal is to be an integrated container transport and logistics firm producing customer value across the entire supply chain. Chairman and CEO of CIMC, Mai Boliang, told the media that by leveraging technology, and innovation they aim to form a new development platform within the cold chain. Chinese companies now account for an estimated 100% of the world’s refrigerated containers and over 96% of the world’s dry cargo containers. Image SourceAlso read: Allcargo Logistics to foray into container terminal operation business

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code