The initial scope of the
Metso and Guangxi LiuGong Group have obtained all necessary approvals from the Chinese authorities and the 50%-50% joint venture between the two companies has been officially established.
Headquartered in Shanghai, LiuGong Metso Construction Equipment (Shanghai), will combine Metso’s know-how in track-mounted crushing and screening business and technology with LiuGong’s extensive distribution resources (~900 customer service locations in China) and manufacturing capabilities in China.
“The joint venture enables the capture of a significant market share of the fast growing mobile crushing and screening market in China. Our target is to build a market driven technology offering and the joint venture with LiuGong is a major step towards this direction,” says João Ney Colagrossi, president, Mining and Construction, Metso.
“Together with the acquisitions of the steel foundry in Quzhou City and