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Metso, Liugong JV Established

Posted on February 17, 2014

Metso and Guangxi Liugong Group Co., Ltd. have announced that all necessary approvals from the Chinese authorities have been secured and the 50%-50% joint venture between the two companies has been officially established.

Headquartered in Shanghai, Liugong Metso Construction Equipment (Shanghai) Co. Ltd., will combine Metso's in track-mounted crushing and screening business and technology with LiuGong's distribution resources -- about 900 customer service locations in China, as well as manufacturing capabilities in China.

 The initial scope of the joint venture will cover the design and manufacture of localized versions of Metso's Lokotrack mobile crushers and screens, the first of which is expected to be launched during the first half of 2014. The products, whose range may be further expanded in the future, will be sold under dual branding: LiuGong Metso. The joint venture will also promote Metso's global track-mounted crushing and screening equipment in China. The value of the investment made in the new company will not be disclosed.

 “Together with the acquisitions of the steel foundry in Quzhou City and Shaorui Heavy Industries Ltd., announced last year, the joint venture significantly strengthen our supply capabilities for mining and construction industries in China." said Joao Ney Colagrossi, president, Mining and Construction, Metso.

Metso and Guangxi Liugong Group Co., Ltd. have announced that all necessary approvals from the Chinese authorities have been secured and the 50%-50% joint venture between the two companies has been officially established.

Headquartered in Shanghai, Liugong Metso Construction Equipment (Shanghai) Co. Ltd., will combine Metso's in track-mounted crushing and screening business and technology with LiuGong's distribution resources -- about 900 customer service locations in China, as well as manufacturing capabilities in China.

 The initial scope of the joint venture will cover the design and manufacture of localized versions of Metso's Lokotrack mobile crushers and screens, the first of which is expected to be launched during the first half of 2014. The products, whose range may be further expanded in the future, will be sold under dual branding: LiuGong Metso. The joint venture will also promote Metso's global track-mounted crushing and screening equipment in China. The value of the investment made in the new company will not be disclosed.

 “Together with the acquisitions of the steel foundry in Quzhou City and Shaorui Heavy Industries Ltd., announced last year, the joint venture significantly strengthen our supply capabilities for mining and construction industries in China." said Joao Ney Colagrossi, president, Mining and Construction, Metso.

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