China’s Rainbow Industries and Kalmar, a part of Cargotec, have entered into an agreement that Kalmar will transfer heavy cranes’ related intellectual properties and assets to Rainbow.
This agreement covers Kalmar rubber-tyred gantry cranes (RTG), rail-mounted gantry cranes (RMG), ship-to-shore cranes (STS) as well as automatic stacking cranes (ASC) which are currently assembled and manufactured at Rainbow’s facility in Taicang, China.
About 40 local Kalmar employees in China are estimated to move to Rainbow once the contractual obligations have been completed. The planned change is estimated to be concluded in September.
Rainbow has been Cargotec’s original equipment manufacturing subcontractor providing assembly services for Cargotec’s business areas Kalmar and MacGregor since 2020 and prior that Cargotec and Rainbow operated through a joint venture in China since 2013.
Wu Jian, Chairman and President, Rainbow commented, “We are very pleased to continue to offer the Genma Kalmar cranes to the global customers. The partnership that we have had for years with Kalmar gives us a strong base for delivering the existing and future projects.”
Arto Keskinen, SVP Horizontal, Kalmar said, “This will be an important step for Kalmar. We have had a long partnership with Rainbow and we are pleased that they would be taking over in China and we could secure a smooth transition to our customers.”
Rainbow is expecting to further expand global port cranes markets and accelerate the internationalisation.
Source: Seatrade Maritime News